The United States House Committee on Financial Services a.k.a the Financial Services Committee will hold a hearing on April 19 to discuss stablecoins’ position as a means of payment and whether or not the ecosystem needs supporting legislation.

List of individuals testifying at the upcoming Financial Services Committee hearing includes Circle’s chief strategy officer and head of global policy, Dante Disparte.

Last month, on March 11, Circle’s in-house stablecoin offering, USD Coin (USDC), depegged from the US dollar after the company revealed that Silicon Valley Bank did not process its $3.3 billion withdrawal request.