Circle's Tarbert Urges Congress to Secure Dollar's Global Role Amid Digital Shift

Heath Tarbert, President of Circle Internet Group, testified before the U.S. House Financial Services Committee on September 2, urging lawmakers to safeguard the U.S. dollar's global role.

Tarbert highlighted the dollar's shrinking share of global reserves, from over 70% in the late 1990s to around 57% today, as a warning sign that requires proactive protection.

Circle has positioned itself at the intersection of blockchain technology and regulated finance, with its USDC stablecoin playing a key role in cross-border payments and decentralized finance (DeFi).

Tarbert advocated for the full implementation of the GENIUS Act, which aims to regulate stablecoin issuance, and bipartisan passage of the CLARITY Act to provide a clear legal framework for digital assets.