It’s been a busy year for USDC issuer Circle, with several new product launches and partnerships, a crypto banking crisis to contend with, the entry of PayPal into the stablecoin business, and plenty of new global regulatory developments, including a bill in the U.S. now making its way through Congress. Circle co-founder and CEO Jeremy Allaire joins Unchained for an in-depth discussion on the reasons behind Coinbase’s investment in Circle, how Circle has emerged stronger from the banking crisis, what he thinks of PYUSD, what he likes and doesn’t like about the current U.S. stablecoin bill, and his thoughts on what the final bill will look like.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:
- why Circle and Coinbase created the Center Consortium and why Coinbase acquired a stake in Circle
- whether Circle is aiming to be acquired or become a public company, and why Jeremy is pursuing a "multi-decade" strategy
- why Circle partnered with MercadoLibre and the stablecoin usage in Latin America [may need to cut if embargo does not stick]
- how the company has been supporting developers to build applications
- why Circle is launching native USDC on so many new blockchains
- what the purpose of cross-chain transfer protocol (CCTP) is and what the big problems with bridges are
- how Circle responded to Silicon Valley Bank’s collapse and why the world began to feel that "it's not safe to be exposed to the US"
- Jeremy's thoughts on the launch of PayPal's stablecoin, PYUSD
- why having stablecoin legislation is a "national priority," according to Jeremy
- why Jeremy is a proponent of a fully reserved banking system
- why he thinks the US needs to "aggressively" take action to preserve the global reserve currency status of the US dollar
- how China’s national digital currency is likely to develop
- how crypto can provide a better way of providing identity without giving up privacy
- why blockchain technology is much more than just a financial regulatory matter
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