Recently, the U.S. legislature approved the "GENIUS Act," bringing significant changes to the stablecoin market. As the issuer of USDC, the world's second-largest stablecoin, Circle has shown great enthusiasm for this.

In a conversation with the media, Circle's CEO Jeremy Allaire shared his views on the new bill. He emphasized that the greatest value of this regulation lies in providing a clear regulatory framework for the stablecoin industry. Over the past few years, although the stablecoin market has grown rapidly, it has faced challenges due to unclear regulations. Now, with clear rules in place, the entire industry will benefit.

It is worth noting that Alaire observed that not only people within the cryptocurrency circle are paying attention to stablecoins, but traditional finance professionals and policymakers are also beginning to value this technology. This indicates that stablecoins are gradually moving from niche areas to the mainstream market.

Looking to the future, Circle plans to deeply explore the application potential of blockchain payment technology in the traditional financial sector. Ariel expects that under the new regulatory environment, stablecoins are likely to open up new horizons in the payment and commercial fields. In particular, stablecoins may play an important role in traditional financial pain points such as cross-border transactions and supply chain finance.

The recent progress in the regulation of stablecoins in the United States undoubtedly lays a foundation for the healthy development of the entire industry. Although the specific implementation effects remain to be observed, this is undoubtedly a positive signal for Circle and the entire stablecoin ecosystem. As the regulatory environment becomes clearer, we can expect to see more innovations and applications emerging in this field.