
Tokenized How Circle Became a Public Stablecoin Success Ft. Kash Razzaghi
18 snips
Oct 23, 2025 Kash Razzaghi, Chief Commercial Officer at Circle, shares his journey from tech to the world of stablecoins. He discusses the early growth of USDC and its crucial role during the SVB banking crisis. Kash emphasizes the importance of regulatory compliance and Circle's evolution into an internet finance platform. He also highlights the multi-chain strategy and the innovative Arc blockchain, which aims for predictable fees and swift transactions. Finally, he predicts a future where stablecoins are essential in a tech-driven economy.
AI Snips
Chapters
Books
Transcript
Episode notes
From Tech Sales To Crypto Crash Course
- Kash joined Circle in 2020 without prior crypto or banking experience and learned on the job through sales and business development work.
- He credits familiarity with the founders and domain expertise as the reason he could contribute quickly.
Positioning USDC Where Developers Build
- Circle bet that USDC should be the stablecoin of choice for DeFi and positioned USDC where developers and protocols were building.
- That strategic placement helped USDC become preeminent in DeFi and accelerate growth via partnerships.
The SVB Weekend And USDC Stress Test
- During the SVB weekend Circle's team ran continuous calls and monitored banks because stablecoins depend on fiat held at banks.
- Circle says it redeemed one-to-one and satisfied redemptions while public secondary markets caused the visible depeg.




