Circle submitted comments to the OCC on the regulatory framework for stablecoins, calling for the establishment of a unified global standard
By: rootdata|2026/05/05 22:50:28
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According to official news, Circle announced that it has submitted a comment letter to the Office of the Comptroller of the Currency (OCC) regarding the implementation rules of the GENIUS Act, outlining 6 core points:
The U.S. standard should become the global benchmark: Strengthen international trust and institutional export capability of the U.S. dollar stablecoin;
Stablecoins should serve as a unified payment tool: Avoid market fragmentation that affects liquidity and settlement efficiency;
Consumer protection is paramount: Ensure that holders can redeem assets at face value at any time;
Fair competition regulatory framework: Banks and non-bank issuers should be under the same regulatory boundary;
Strengthen systemic risk management: Cover liquidity, credit, operational, and compliance risks;
Distinguish between stablecoins and tokenized deposits: The functions of the two are different and should be regulated separately.
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