Overview
- The compromise, released Monday by Sens. Thom Tillis and Angela Alsobrooks, bans passive yield on idle stablecoins, permits rewards tied to user activity, and won support from Circle CSO Dante Disparte.
- Circle Internet Group jumped about 18% on the news, while Coinbase rose 6.41% and Robinhood added 4.22%.
- Prediction market Polymarket now puts 2026 passage odds near 61%, with a committee markup targeted for the week of May 11 and a possible Senate vote in June or July.
- USDC’s footprint grew as Meta enabled creator payouts on Solana and Polygon and Visa expanded the blockchains it uses for stablecoin settlement.
- Circle holds EU authorization under MiCA through Circle France, and its May 11 earnings could offer fresh signals on regulation and adoption.