5min chapter

Bankless cover image

Circle's CEO, Jeremy Allaire on USDC, SVB's Collapse, & the U.S. Banking System

Bankless

CHAPTER

Jeremy Lair, CEO and Founder of Circle, USDC

Jeremy Lair, CEO and founder of Circle: It's been a dramatic period of time. We began with basically Silvergate shutting down and us having to decommission rails for lots of companies. And then on Wednesday, we went into a period where it was announced that Silicon Valley Bank needed emergency funding. He says the real risk was that the asset and liability management kind of imbalances were really the result of rising interest rates.

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