Circle submitted a comment letter to the U.S. Department of the Treasury, responding to the Advance Notice of Proposed Rulemaking on the GENIUS Act. The filing outlines a national framework for payment stablecoins and describes how uniform requirements could support users, issuers, and intermediaries across U.S. markets. The letter presents its recommendations within a single regime that accommodates both permitted U.S. issuers and qualifying foreign issuers, while ensuring consumer funds are protected t ...