Circle CEO Jeremy Allaire said in an interview that he is not especially focused on Bitcoin’s short-term price moves and is more optimistic about digital dollars used in payments and in an economy shaped by AI agents. He said digital dollars can be used for payments, trading, lending, and investing, and added that AI agents are likely to take part in more economic activity over time. That, in his view, could lift demand for digital dollars and the blockchain infrastructure tied to them, though he did not provide specific figures for any expected increase.
On regulation, Allaire said the U.S. Office of the Comptroller of the Currency is drafting rules related to the GENIUS Act. The proposal would require stablecoin issuers to hold reserve assets at least equal to the total amount of stablecoins in circulation, redeem tokens at par within two business days, and refrain from paying interest to holders. Allaire said the bill has bipartisan support and could give the stablecoin sector policy backing, while broader U.S. crypto market structure legislation has yet to make progress.
Circle CEO Jeremy Allaire said in an interview that he is not especially focused on Bitcoin’s short-term price performance, and instead sees more promise in digital dollars used for payments and in the AI agent economy.
Allaire said digital dollars can be used for payments, trading, lending, and investing. He also said AI agents are likely to take part in more economic activity in the future, which could increase demand for digital dollars and related blockchain infrastructure. He did not provide specific data on how much that demand might grow.
Regulatory outlook centers on the GENIUS Act
On regulation, Allaire said the U.S. Office of the Comptroller of the Currency is drafting rules tied to the GENIUS Act. Under the proposal, stablecoin issuers would be required to hold reserve assets no smaller than the total amount of stablecoins in circulation, redeem them at face value within two business days, and avoid paying interest to holders.
Allaire said the bill has bipartisan support and could provide policy backing for the stablecoin industry. At the same time, he said broader U.S. crypto market structure legislation has still not advanced.
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