Jeremy Allaire is the founder and CEO of Circle, the company behind USDC -- the world's largest regulated stablecoin with over $73 billion in circulation. Circle IPO'd last year, surged on day one, and now processes 8x more transactions than Visa. But Jeremy deliberately chose the boringest corner of crypto -- and in this interview, he explains exactly why boring is winning.

Jeremy breaks down what a stablecoin actually is, why the US banking system still runs on technology from the 1970s, and what the Federal Reserve told him when he asked how the dollar actually works. Plus: who loses when Stripe and Shopify start accepting USDC at a fraction of credit card fees, AI agents that pay each other in crypto, and why Jeremy reads Camus instead of business books.

We don’t know who Bitcoin-inventor Satoshi Nakamoto is… but we do Jeremy Allaire. And this guy knows more than anyone about the coolest part of crypto: The Stablecoin. Because Jeremy is the founder and CEO of Circle, the company behind USDC — the world's largest regulated stablecoin with over $73Bin circulation. And he’s a Philosopher at heart.

Circle IPO'd last year, surged on day one, and now processes 8x more transactions than Visa (yeah, that Visa). But Jeremy deliberately chose the boringest corner of crypto — and in this interview, he explains exactly why boring is winning…

Jeremy breaks down what a stablecoin actually is (we were wondering too), why the US banking system still runs on technology from the 1970s (oh boy), and what the Federal Reserve told him when he asked how the dollar actually works. Plus: who loses when you can buy a burrito online with a stablecoin, AI agents that pay each other in crypto, and why Jeremy reads Camus instead of business books (spoiler: to disrupt the financial system, pick up some Nietzsche)

Here’s are the episode breakdown:CHAPTERS

0:00 - Intro: Jeremy Allaire, Founder and CEO of Circle

1:45 - What Is Happening in the Crypto Market Right Now?

3:36 - Jeremy Allaire's Origin Story: The Apple II That Started It All

5:31 - How the Bitcoin White Paper Inspired Circle

6:27 - What Is a Stablecoin? The Netflix Analogy for USDC

11:30 - Why Stablecoins Are Necessary: The $120 Trillion Opportunity

13:54 - Why the US Banking System Is Still Stuck in the 1950s

16:37 - Is Slow Banking Actually Safer? The Fraud Argument

18:47 - $73 Billion USDC in Circulation: How Circle Holds the Reserves

20:23 - The US Dollar Literally Runs on Oracle Databases

22:11 - Can USDC Ever Not Be Worth $1? Circle Stock vs. the Stablecoin

25:39 - Who Loses to Stablecoins? The Credit Card Fee Problem

26:28 - AI Agents Are Now Paying Each Other in USDC

27:54 - Stripe and Shopify Now Accept USDC Payments

29:06 - Jeremy Allaire's Takeaway on the Future of Stablecoins

30:11 - Rapid Fire: Best Crypto Brand, Favorite Book, Stock Ticker

Buy tickets to The IPO Tour (our In-Person Offering) TODAY

New York, NY (4/8): https://www.ticketmaster.com/event/0000637AE43ED0C2

Los Angeles, CA (6/3): (SOLD OUT!)

OUR 2ND SHOW: Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free: https://wondery.com/links/the-best-idea-yet/

NEW LISTENERS: Fill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6

GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts

SOCIALS:

Instagram: https://www.instagram.com/tboypod

TikTok: https://www.tiktok.com/@tboypod

YouTube: https://www.youtube.com/@tboypod

Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/

Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/

Anything else: https://tboypod.com/

About Us: The daily pop-biz news show making today’s top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell.

Hosted on Acast. See acast.com/privacy for more information.

🪙 “”Stablecoins” — Interview with Circle CEO Jeremy Allaire (Philosopher of the Coin)

The Best One Yet