Circle backs stricter US stablecoin rules under proposed GENIUS Act framework

Circle has formally supported the Office of the Comptroller of the Currency's proposed stricter regulations for stablecoin issuers under the GENIUS Act. The rules aim to enforce strong reserve backing, risk controls, and operational standards for stablecoins like Circle's USDC. Circle emphasizes the need for global regulatory consistency and robust consumer protections to maintain trust and liquidity. The final framework will shape how digital dollars are regulated and used in the US and potentially worldwide.