Circle Internet Group, Inc. (NASDAQ: CRCL ) CEO Jeremy Allaire championed the real-world utility of stablecoins on Monday, fully endorsing transaction-based rewards for users. A ‘Powerful Tailwind’ For USDC’s Adoption During Circle’s first-quarter earnings call, Allaire responded to a question about the future of its USDC (CRYPTO: USDC ) stablecoin in a world where rewards would be paid to end customers based on transactions. “We are very focused on driving the utility value of this new form of money,” the CEO responded. Alliare pointed to the updated language in the CLARITY Act that permits activity-based or transaction-based incentives on stablecoins, but restricts yields on passive holdings. “It has to be based on real transactions, real payments volume, real activities, and that’s exactly the kind of incentivization that we want to see,” he added. Allaire said that Circle is largely a “network effect-driven business” and anything that boosts the network’s utility serves as a “powerful tailwind” for adoption. data-variant="card" Full story available on Benzinga.com
Circle CEO Jeremy Allaire Endorses Stablecoin Rewards Based On Transactions Instead Of Passive Holding, Calls It 'Powerful Tailwind' For USDC Adoption
