Circle CEO Jeremy Allaire said in an interview that he is not especially focused on Bitcoin’s short-term price action and is more optimistic about digital dollars used in payments and the emerging AI agent economy. He said digital dollars can be used for payments, trading, lending and investing, and argued that as AI agents take part in more economic activity, demand for digital dollars and related blockchain infrastructure could rise. He did not provide specific figures for that potential demand growth.
On regulation, Allaire said the U.S. Office of the Comptroller of the Currency is drafting rules tied to the GENIUS Act. The proposal would require stablecoin issuers to hold reserve assets at no less than the total amount of stablecoins in circulation, redeem tokens at par within two business days, and bar issuers from paying interest to holders. Allaire said the bill has bipartisan support and could give the stablecoin sector policy protection, though 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 concerned with Bitcoin’s short-term price performance and is more bullish on digital dollars used for payments and the AI agent economy.
Allaire said digital dollars can be used for payments, trading, lending and investing. He added that AI agents are likely to take part in more economic activity over time, which could increase demand for digital dollars and related blockchain infrastructure, though he did not provide specific data on how much that demand might grow.
GENIUS Act rulemaking is underway
On the regulatory side, Allaire said the U.S. Office of the Comptroller of the Currency is drafting rules related to the GENIUS Act. Under the proposal, stablecoin issuers would be required to hold reserve assets equal to at least the total amount of stablecoins in circulation, redeem them at par within two business days, and would be prohibited from paying interest to holders.
Allaire said the bill has bipartisan support and could provide policy protection for the stablecoin industry. He also said broader U.S. crypto market structure legislation has still not advanced.
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