Jeremy Allaire, CEO of peer-to-peer payment company Circle, is expecting the U.S. Congress to concentrate on stablecoin regulation this year for a simple reason.

“Stablecoins are the lowest-hanging fruit,” Allaire told CoinDesk TV’s “First Mover” Thursday from the World Economic Forum’s annual conference in Davos, Switzerland. “It’s the most straightforward. It’s a foundational piece.”

Circle is the issuer of USD coin (USDC), a stablecoin pegged to the U.S. dollar. There are over $43 billion worth of USDC tokens in circulation, according to Crypto.com, and it is the second-largest stablecoin by market cap, according to CoinMarketCap.

Allaire said USDC is a prime example of how stablecoin use is growing. Lawmakers, in the U.S. and abroad, are becoming aware of the “significant size and business” that stablecoins can provide. He predicted that this year stablecoin issuers are “going to be normalized in almost every major market.”