Jeremy Allaire: Stable currency will be digital cash, and markets are expected to reach trillions of dollars

In an interview with the CNBC, Jeremy Allaire stated that the Genius Act would establish a unified federal regulatory framework for the United States stable currency market and that large stable currency distributors would be subject to national banking regulators. Circe plans to be incorporated into the new system in the form of the National Trust Bank. With the entry into force of the bill in January 2027, banks, payment companies and large enterprises will be able to operate on the basis of a stable currency infrastructure, which will be used as digital cash, and will drive the stable currency market from $1 trillion to several trillion。