Circle proposes detailed rules to refine US stablecoin licensing under the GENIUS Act

Circle has submitted detailed recommendations to US regulators to improve the implementation of the GENIUS Act, which establishes the first national licensing system for dollar-backed stablecoins. The company supports clear rules on reserves, risk management, and operational standards to ensure consumer protection, market stability, and global competitiveness. Circle emphasizes the need for uniform regulation across all issuers to prevent market fragmentation and maintain trust in stablecoins as reliable payment tools. Finalizing these rules could strengthen US leadership in digital finance and promote responsible innovation.