TechFlow news, July 31 — According to Bloomberg, Circle CEO Jeremy Allaire said in an exclusive interview with Bloomberg that the stablecoin sector has become the most dynamic segment of the cryptocurrency market following the U.S. Congress's passage of the GENIUS Act, which establishes a clear regulatory framework for stablecoin operations. As the issuer of USDC, the world's second-largest stablecoin, Circle will explore applications of blockchain payment systems within traditional financial institutions. Allaire noted that stablecoin technology is gaining attention from traditional financial institutions and policymakers, and could unlock new use cases in payments and commerce in the future.
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