Circle's co-founder and CEO, Jeremy Allaire, discusses building an internet financial platform, focusing on the evolution of money and economic systems through blockchain technology. Allaire envisions a shift towards "on-chain" companies, where corporate functions are executed via smart contracts and AI. He highlights USDC's role as a fully reserved stablecoin, contrasting it with fractional reserve banking, and emphasizes its safety and regulatory compliance following the Genius Act. Allaire recounts Circle's near-bankruptcy in 2019 due to an over-expansion and a crypto market collapse, which led to a drastic restructuring and a focused effort on scaling the USDC network. He also reflects on personal health and wellness changes needed to manage the company's complexities and his vision to influence global policy, positioning Circle at the heart of the evolving financial system.
Sign in to continue reading, translating and more.
Continue
