Jeremy Allaire, Co-Founder, Chief Executive Officer, and Chairman of Circle.

Circle's co-founder, chairman, and CEO, Jeremy Allaire, defines payment stablecoins as digital currencies on a blockchain, fully backed by high-quality assets like U.S. Treasury bills and cash, and discusses Circle's role in running the largest regulated stablecoin network. Allaire addresses the advantages of stablecoins over traditional banking, such as faster, cheaper transactions, particularly in countries like Turkey where there's a high demand for digital dollars. He also touches on the regulatory landscape, the competitive market, and Circle's journey, including the challenges of securing the company name and going public. Allaire envisions a future where software utilities built on open internet infrastructure rival traditional banks and expresses enthusiasm for the potential of stablecoins and blockchain technology to transform the financial and economic systems.