Unchained
The Chopping Block: Why Circle CEO Jeremy Allaire Is So Optimistic About Stablecoins' Future - Ep. 541
Sep 7, 2023
Join Jeremy Allaire, CEO of Circle and a crypto veteran, as he shares insights about the future of stablecoins. He discusses how Circle navigated the recent banking crisis and the significant impact of FTX's collapse. Allaire gives his take on the potential success of PayPal's new stablecoin and addresses the perceived threat from CBDCs. The conversation dives into regulatory developments and the evolution of user preferences shaping the stablecoin landscape. Get ready for a deep dive into the exciting world of digital currencies!
52:37
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Quick takeaways
- The banking crisis in the crypto industry led to a de-banking crisis for stablecoin issuers like Circle.
- Stablecoins have played an important role in the evolution of electronic money by providing internet-scale, secure, programmable money.
Deep dives
New law in the United States for payment stablecoins
There is going to be a new law in the United States that legally defines payment stablecoins as cash equivalent digital cash instruments in the US financial system. This law will create a consistent and clear way for a competitive market to emerge.
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