Circle submitted comments to the OCC on the regulatory framework for stablecoins, calling for the establishment of a unified global standard

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:

1. The U.S. standard should become the global benchmark: Strengthen international trust and institutional export capability of the U.S. dollar stablecoin;

2. Stablecoins should serve as a unified payment tool: Avoid market fragmentation that affects liquidity and settlement efficiency;

3. Consumer protection is paramount: Ensure that holders can redeem assets at face value at any time;

4. Fair competition regulatory framework: Banks and non-bank issuers should be under the same regulatory boundary;

5. Strengthen systemic risk management: Cover liquidity, credit, operational, and compliance risks;

6. Distinguish between stablecoins and tokenized deposits: The functions of the two are different and should be regulated separately.

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