coin-img-BTCBTC-5.10%coin-img-ETHETH-6.23%coin-img-SOLSOL-8.24%coin-img-XRPXRP-8.12%coin-img-USDCUSDC+0.05%coin-img-HYPEHYPE+11.81%coin-img-SUISUI-10.19%coin-img-TRXTRX+7.13%coin-img-BTCBTC-5.10%coin-img-ETHETH-6.23%coin-img-SOLSOL-8.24%coin-img-XRPXRP-8.12%coin-img-USDCUSDC+0.05%coin-img-HYPEHYPE+11.81%coin-img-SUISUI-10.19%coin-img-TRXTRX+7.13%coin-img-BTCBTC-5.10%coin-img-ETHETH-6.23%coin-img-SOLSOL-8.24%coin-img-XRPXRP-8.12%coin-img-USDCUSDC+0.05%coin-img-HYPEHYPE+11.81%coin-img-SUISUI-10.19%coin-img-TRXTRX+7.13%coin-img-BTCBTC-5.10%coin-img-ETHETH-6.23%coin-img-SOLSOL-8.24%coin-img-XRPXRP-8.12%coin-img-USDCUSDC+0.05%coin-img-HYPEHYPE+11.81%coin-img-SUISUI-10.19%coin-img-TRXTRX+7.13%

Circle Asks SEC to Treat Eligible Payment Stablecoins as Cash, Cut 2% Broker-Dealer Discount to Zero

Circle asked the SEC in an Oct. 20 comment letter to classify eligible payment stablecoins as cash and cut the broker-dealer capital discount from 2% to zero. The USDC issuer said stablecoins compliant with the GENIUS Act should support payments and settlements without imposing issuer obligations. Circle also seeks clarity on validator maintenance and customer reserve treatment.
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