The stable coin was created with a certain promise, dollars, this would be one for one stable to a dollar. The new york attorney general said they lied about that, and banned them from using tethers in the global capital of finance. I've been talking about these things on the pokas, cause when we see something like tether that people are concerned about, we kind of drill down and double click on it. We're not goig o have any commercial paper. We're only going to have assets in there dollar for dollar.
First, Jason reacts to the most recent Apple event announcing new M1 chips & Macbooks (1:26). Then, Circle CEO Jeremy Allaire (23:85) joins to discuss how USDC, what makes Circle different from Tether, regulation, and more.