Circle CEO: After the establishment of the stablecoin regulatory framework, new business opportunities will be opened up

According to a report by Golden Finance, Jeremy Allaire, CEO of Circle, stated in a Bloomberg interview that with the passage of the GENIUS Act by the US Congress, which established a clear regulatory framework for the stablecoin business, this sector has become the most dynamic sector in the cryptocurrency market. Circle will explore the application of blockchain payment systems in traditional financial institutions. Alel pointed out that stablecoin technology is gaining attention from traditional financial institutions and policy makers, and is expected to open up new application scenarios in the payment and commercial fields in the future.