Grit The Safest Dollar on the Internet | Circle CEO Jeremy Allaire
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Jan 26, 2026 
Jeremy Allaire, CEO of Circle and builder of USDC, is a longtime entrepreneur focused on regulated, dollar-backed digital currency. He discusses how fully reserved stablecoins fit into law and finance. He revisits near-bankruptcy in 2019 and the pivot that doubled down on USDC. He also shares Circle’s role as an internet platform for dollars and his routines for sustaining leadership.
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Money As An Internet Operating System
- Blockchain networks are becoming new internet operating systems for economic coordination and value execution.
- USDC provides a protocol-layer dollar that enables programmable money and composable financial apps.
USDC Is Fully Reserved, Not Fractional
- USDC is structured as full-reserve stablecoin backed by cash and treasury collateralized assets.
- That full-reserve design reduces intermediary risk compared with fractional-reserve bank deposits.
Double Down On Your Core Bet
- When a company's core vision gains product-market fit, double down on it and reallocate resources decisively.
- Cut noncore businesses quickly to preserve runway and focus on the strategic asset.