Odd Lots Circle's CEO on the Booming Business of Stablecoins
186 snips
Jul 31, 2025 
Jeremy Allaire, co-founder and CEO of Circle, dives into the booming world of stablecoins, specifically USDC. He discusses how stablecoins are bridging the gap between cryptocurrency and traditional finance, reshaping payments and commerce. Allaire addresses the business models driving profitability and the impact of regulations like the GENIUS Act. He also explores the future of stablecoins in decentralized finance, emphasizing the need for transparency and safety in this evolving landscape.
AI Snips
Chapters
Books
Transcript
Episode notes
USDC as Internet-Scale Utility
- Circle built USDC as an internet-scale payment utility with wide global reach through distribution partners.
- Their goal is to keep expanding this regulated, trusted stablecoin network for mass adoption.
Genius Act Boosts Stablecoins
- The Genius Act is pivotal in establishing federal regulation and clarity over stablecoins.
- It enables stablecoins to be treated as cash on balance sheets, easing mainstream financial adoption.
Safety of Full Reserve Model
- A full reserve stablecoin model is safer than fractional reserve banking, reducing systemic risk.
- Digital currency's internet superpowers like speed demand a secure, fully backed monetary base.
