Circle Supports Treasury's Vision for Smarter, Safer Government Payments

Circle Internet Financial expresses its support for the U.S. Treasury's efforts to modernize public financial management by integrating payment stablecoins, such as USDC, to enhance speed, security, and financial inclusion. The company highlights the advantages of stablecoins, including near-instant settlement, continuous availability, and auditable transparency through public blockchains, which can reduce disbursement-related costs and fraud while improving transaction speed and accountability. Circle emphasizes the potential of stablecoins to boost financial inclusion for unbanked or underbanked populations by enabling "always on" access to payments via mobile devices. The firm advocates for the use of payment stablecoins to embed safeguards like identity management and compliance measures into next-generation payment platforms, aligning government payments with agency and mission needs. Circle also expresses its readiness to support legislative efforts under the GENIUS Act to establish a federal framework for payment stablecoins, aiming to build a more secure and inclusive public financial system.

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