Jeremy Allaire claimed the U.S. dollar is under threat and urged lawmakers to pass stablecoin regulation to build trust in a digital dollar.
Jeremy Allaire News
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China may have banned the use of cryptocurrencies, but stablecoins might have a role to play in the proliferation of its national currency.
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The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?
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The United States must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO says.
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Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT.
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The CEO of Circle joined Ripple’s Brad Garlinghouse and Asif Saleh of BRAC in a panel discussion at the World Economic Forum Annual Meeting.
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The crypto industry and regulators need time to collaborate on better regulations.
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Allaire also sees political moderation as the best scenario for continued crypto development.
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The CEO tweeted a screenshot of an apparent $100 purchase of Bitcoin using the service well ahead of its official rollout date.
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Circle, a Goldman Sachs-backed crypto startup behind USD-pegged stablecoin USDC, sells its crypto trading app to Voyager.
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Circle’s CEO said that his company has long believed sovereign currencies will be tokenized, and that global money tokens are on the horizon.
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The CEO of crypto payments firm Circle, Jeremy Allaire, suggested that macroeconomic turmoil is responsible for Bitcoin’s recent growth.
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Circle CEO Jeremy Allaire will be one of seven people Tron’s Justin Sun will take to the power lunch with Warren Buffett.
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Jeremy Allaire, CEO of payments company Circle, said that Facebook's Libra will run in a closed-loop permission scheme, requiring a different regulatory approach.
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Kevin O’Leary said that cryptocurrencies are non-compliant, and as such are not useful for paying taxes or being used as a currency.
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