Circle CEO Jeremy Allaire focuses on digital dollars for AI era, downplaying Bitcoin's recent performance

Circle CEO Jeremy Allaire stated he does not focus on specific digital commodities like Bitcoin (BTC) trading, emphasizing that digital dollars are tools for payments, trading, lending, and investing rather than speculation, as stablecoins are designed to hold a steady $1 value. This focus is supported by the OCC finalizing rules for the GENIUS Act, a 2025 law governing dollar-pegged stablecoins, which requires reserves equal to outstanding stablecoins and redemption at par within two business days, while also barring issuers from paying holders interest. Allaire argues that AI agents will drive demand for digital dollars and machine-built blockchains, citing growing activity on Circle's Arc blockchain launched in September.