Jeremy Allaire - jerallaire.arc

Today’s compromise on stablecoin yield marks meaningful progress in the CLARITY Act negotiations. Regulated payment stablecoins are accelerating global economic activity, strengthening both the digital asset and banking sectors, and unlocking dramatic new utility and velocity through the advent of programmable and natively digital money. As USDC has demonstrated, these instruments are scaling rapidly across domestic and global markets—powering cross-border payments, serving as a reliable store of value, enabling collateral mobility in capital markets, and supporting emerging models like agentic commerce. The GENIUS Act was a critical milestone in advancing institutional adoption of dollar-denominated payment stablecoins, and the CLARITY Act represents the next step in modernizing U.S. financial market infrastructure for a digital, global economy. We support today’s bipartisan compromise and commend policymakers for advancing a pragmatic, pro-innovation framework. We look forward to working with Congress to move this legislation forward. The United States faces a clear choice in digital assets: lead or be led. Today’s progress is an encouraging signal that the U.S. is choosing to lead.

Circle just solved the biggest enterprise objection to stablecoin settlement. For two years, the objection from banks and PSPs wasn't "we don't believe in stablecoin settlement." It was "we don't want crypto on our balance sheet." The compliance risk. The custody question. The auditor conversation. On April 8, Circle launched CPN Managed Payments. Banks and PSPs settle in USDC —> instant, global, 24/7. Circle manages the entire digital asset lifecycle: USDC minting, burning, payment orchestration, blockchain infrastructure. The bank touches only fiat. The stablecoin settlement happens underneath. $70 trillion in cumulative USDC settlement already processed. Thunes, Worldline, and Veem are live on the platform. 20+ blockchain rails. Global fiat payout corridors. Read what this actually does to the market: it removes the last friction point for institutional stablecoin adoption. The technology wasn't the blocker. The balance sheet was. CPN Managed Payments eliminates that objection without asking any institution to change its compliance posture. The companies still waiting for enterprise demand to arrive don't understand that the enterprise objection just got answered. The demand has been there. The answer just shipped.