Circle CEO discusses stablecoin rewards amid GENIUS Act constraints
Circle CEO Jeremy Allaire discusses the implications of the GENIUS Act on stablecoin rewards. He argues that the industry should focus on usage-driven incentives rather than interest payments to holders. Despite regulatory constraints, USDC's demand remains strong, with circulation reaching approximately $77 billion.
- ▪The GENIUS Act prohibits stablecoin issuers from paying interest to holders.
- ▪Allaire suggests that transaction-based incentives and loyalty programs can drive stablecoin adoption.
- ▪USDC's circulation reached around $77 billion by the end of Q1 2026, indicating strong demand.
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Circle CEO discusses stablecoin rewards amid GENIUS Act constraints Jeremy Allaire says stablecoins don't need yield to win, they need smarter reward systems that work within the law. Share Add us on Google by Editorial Team May. 25, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The GENIUS Act killed one of the most obvious selling points for stablecoins: paying holders interest.
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