Circle's CEO on the Booming Business of Stablecoins

In this episode of the Odd Lots podcast, hosts Joe Weisenthal and Tracy Alloway interview Jeremy Allaire, the co-founder and CEO of Circle Internet, the company behind USDC, the second-largest stablecoin. The discussion revolves around the business model of stablecoins, the regulatory landscape, particularly the GENIUS Act, and the competitive dynamics in the stablecoin market. Allaire discusses Circle's relationship with Coinbase, the safety and transparency of USDC's reserves, and the potential for stablecoins to revolutionize payments and credit intermediation. The conversation also touches on the future of the internet, the role of blockchain networks, and the potential for machine-to-machine payments using stablecoins. Allaire emphasizes Circle's commitment to regulatory compliance and building a trusted infrastructure for the long term.