Wu Blockchain (@WuBlockchain): Circle CEO: Stablecoins can skip yield, but need alternative reward systems
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Circle CEO: Stablecoins can skip yield, but need alternative reward systems On March 20, 2026, Circle CEO Jeremy Allaire @jerallaire noted the GENIUS Act prohibits stablecoin issuers from paying interest directly to users. The real debate is whether distributors can offer rewards. He believes that as stablecoins adopt an internet software architecture, traditional finance won't vanish but will face fierce, fair competition similar to the internet era.