Circle CEO downplays Bitcoin weakness, touts digital dollars for AI era
- —Allaire: "I don't pay much attention to these particular digital commodities and how they trade"
- —OCC rules require 1:1 reserves and redemption at par within two business days
- —Circle launched its Arc blockchain in September for AI payments
- —21 institutions have joined a joint stablecoin issuance project
Why it matters: The U.S. stablecoin rulebook is taking shape, sharpening Circle's competition with banks entering the market.
Source: BeInCrypto IT