Circle CEO backs transaction-based rewards to boost USDC stablecoin adoption

Circle CEO Jeremy Allaire supports rewarding users based on transactions rather than passive holding to increase the utility and adoption of the USDC stablecoin. This approach aligns with the CLARITY Act's updated rules, which allow transaction-based incentives but restrict passive yield. Circle reported strong first-quarter growth with USDC circulation up 28% year-over-year and a 263% increase in on-chain transaction volume. The Senate Banking Committee will soon review the CLARITY Act, which aims to regulate cryptocurrency federally in the U.S., with broad industry support and presidential backing.