S2E6：Aim To Become The Boundary-Breaking Financial Giants, Circle Transformed Into Global Payment Network

Dec 1, 2023

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With its stablecoin USDC continuing to rank in the top 3 cryptocurrencies in terms of trading volume, Circle has been a significant player in the cryptocurrency space. As USDC is more transparent and complies with regulations than USDT, some investors believe it to be a safer stablecoin. Its real-time reserve reports and routine audits give users confidence that the token is supported by real assets. Circle acquired Taiwanese startup Cybavo in 2022 with the goal of accelerating the adoption of Web3 and USDC apps and fully integrating the technology into their main product offerings. Additionally, Circle has increased its market share in the Philippines by working with Coins.ph.

We're delighted to have Circle's VP of Strategy and Policy, Yam Ki Chan, join us on this episode. To deliver an overview of Circle's initiatives and advancements. In terms of Circle's long-term plans and the changing regulatory environment around cryptocurrencies, what part does Taiwan play? How does Circle manage the challenges involved in ensuring that innovation and compliance coexist? Furthermore, the Asia-Pacific region's blockchain development, both now and in the future.

In this episode of Startup Island Taiwan Podcast, you will find out:
☛ Three primary aspects of USDC in Asia to consider: trade, trade finance and remittances
☛ Circle considered Cybavo to be a crucial component in facilitating the global adoption of Web3 applications and USDC
☛ Although other digital currencies like CBDC can coexist, the market will decide which is most advantageous
☛ Yam Ki's varied professional background includes positions at Google, the White House National Security Council, and Circle
☛ In ten years times, stablecoin may evolve and reach a point where users may send money just like they can send emails

Host:
Chi Ko, Senior Editor at Meet Global
Wendy Wu, Journalist & Public Relation at Meet Global
Guest: Yam Ki Chan, VP of Strategy and Policy for Circle

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Produced by Meet Global by Business Next Media

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