Jeremy Allaire, CEO, Circle

Jeremy Allaire is Co-Founder, Chairman and CEO of Circle, a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments and commerce. Founded in 2013, Circle is the pioneer of USD Coin (USDC), the fastest growing, fully-reserved, and regulated dollar digital currency. USDC has grown 100x over the past two years, from a market cap of just over $400 million to more than $40 billion in circulation today. Previously, Mr. Allaire co-founded and led multiple global internet technology companies with thousands of employees, hundreds of millions of consumers served, and multiple successful public offerings on NASDAQ. He has provided expert testimony on digital assets and monetary policy before the US Senate Committee on Homeland Security & Government Affairs, US Senate Banking Committee, and he has been named to the International Monetary Fund (IMF) High-Level Advisory Group on FinTech. Mr. Allaire provides perspective and policy recommendations at the highest levels inside financial bodies across the US, UK, and Europe.

I believe that Bitcoin holds value as a form of ‘good money’ that is superior to any previously discovered or developed form of money.

https://twitter.com/jerallaire

2023

Jeremy Allaire knows for a fact that his business intends to go public. With a long-term strategy and strategic connections, the business is navigating a moment of transition as it celebrates its tenth anniversary.

“We’re definitely headed toward becoming a stand-alone public company,” Allaire stated in the most recent Unchained episode. This move fits within a larger plan that has seen the business partner with important industry titans, such as BlackRock’s recent acquisition of a minority share. Allaire underlined the mutual advantages of these collaborations, pointing out the value and product alignment they provide. In addition, he brought out Coinbase’s recent investment in Circle, which suggests a cooperative strategy for long-term success, especially with regard to the USD Coin (USDC).

A major milestone for Circle is the recent partnership with Mercado Libre, a large Latin American e-commerce and payments company. The objective of this collaboration is to promote the expansion of digital dollars in areas where local currencies are unstable. Allaire talked about how this partnership would affect Circle, tying it into the larger pattern of rising demand for digital currency in Latin America.

Latest news about Jeremy Allaire

• Circle, the US stablecoin issuer, is considering an IPO in 2024 after a failed attempt in 2022. The Boston-based fintech firm, supported by Goldman Sachs, Fidelity, and BlackRock, has a market cap of over $24 billion. The move aligns with the evolving regulatory landscape for digital currencies and could signal a maturing phase for the industry. Circle’s strategic vision is reflected in its forward-looking approach amidst the changing digital finance landscape.
• Taiwan’s FamilyMart and BitoGroup have partnered to transform FamilyMart FamiPoints into digital currencies, such as USDC, through an initiative integrated into the Taiwan FamilyMart App and BitoPro Exchange. The move aims to promote inclusivity and simplify entry into the cryptocurrency domain, as loyalty points play a significant role in Taiwan’s economy. The collaboration signifies a shift from in-store interactions to an online ecosystem, further solidifying Taiwan’s reputation as Asia’s premier Web3 hub.

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