Circle Internet Financial has engaged with the U.S. Department of the Treasury to discuss the development and regulation of digital assets, as part of President Biden's Executive Order on Ensuring Responsible Development of Digital Assets. Circle emphasizes the benefits of payment stablecoins, which enhance global economic efficiency and accessibility by reducing counterparty risk, mitigating currency volatility, and supporting non-balance sheet financial services. The company advocates for a strong regulatory framework to facilitate the mass adoption of digital assets, highlighting the advantages of public blockchains for faster, cheaper payments, and increased security. Circle acknowledges risks such as hacks and incomplete information but suggests that regulatory harmonization, open-source review, and smart contract audits can address these challenges. The company also underscores the potential of digital assets to increase financial access for the unbanked and underbanked populations, advocating for consumer education to maximize these opportunities while urging government investment in regulatory expertise.