Circle backs global stablecoin rules in comments to US regulator

Circle, a major stablecoin issuer, has formally urged the US Office of the Comptroller of the Currency (OCC) to adopt a unified global regulatory framework for stablecoins. The company supports the GENIUS Act, which aims to create consistent rules for stablecoins to enhance transparency and security. This move highlights growing calls for clearer regulation in the stablecoin market, which is crucial for investor protection and financial stability. The OCC will consider these comments as it shapes future stablecoin policies.