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Unchained
The Chopping Block: Why Circle CEO Jeremy Allaire Is So Optimistic About Stablecoins' Future - Ep. 541
Sep 7, 2023
In this episode, Circle CEO Jeremy Allaire discusses how the banking crisis affected stablecoin issuers, the Circle Reserve Fund, and the improved regulatory clarity. They also talk about the impact of PayPal's PYUSD, the role of CBDCs, and the future of stablecoins. The podcast hosts share insights on their experiences during the crisis and the importance of user preference in shaping policy.
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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode