Moonshots with Peter Diamandis Money After AI: Meet the New Digital Dollar Built for the Internet "Stablecoins" w/ Jeremy Allaire, Emad Mostaque & Salim Ismail | EP #200
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Oct 16, 2025 
In this enlightening discussion, Jeremy Allaire, CEO of Circle, shares insights on the future of money with stablecoins like USDC. He defines stablecoins as digital dollar representations and predicts AI will play a crucial role in enhancing their transaction volumes. Allaire emphasizes the importance of legal compliance and transparency in building these systems. He contrasts private stablecoins with central bank digital currencies (CBDCs), arguing for the adoption of internet-native payment solutions that can reshape financial infrastructure.
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What A True Stablecoin Is
- Stablecoins are fiat-denominated digital tokens fully backed one-for-one and operable on public blockchains.
- They combine full-reserve safety with internet properties: openness, interoperability, programmability, and near-zero marginal transfer costs.
Stablecoins Can Strengthen Dollar Utility
- Stablecoins can increase the dollar's global utility by making dollars native to internet-scale payments.
- U.S. leadership in open internet financial infrastructure can bolster the dollar's network effects and global role.
Use Short Treasuries And Public Transparency
- Back stablecoins with short-duration treasuries, overcollateralized repo, and cash with top custodians for transparency and safety.
- Publish daily, auditable holdings to build trust and meet stringent regulators like NYDFS.