Circle CEO Jeremy Allaire stated at the IMF and World Bank meetings in Bangkok that federal banking approvals and U.S. legislation position USDC as a legitimate digital dollar

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.