It\u2019s been a busy year for USDC issuer Circle, with several new product launches and partnerships, a crypto banking crisis to contend with, the entry of PayPal into the stablecoin business, and plenty of new global regulatory developments, including a bill in the U.S. now making its way through Congress. Circle co-founder and CEO Jeremy Allaire joins Unchained for an in-depth discussion on the reasons behind Coinbase\u2019s investment in Circle, how Circle has emerged stronger from the banking crisis, what he thinks of PYUSD, what he likes and doesn\u2019t like about the current U.S. stablecoin bill, and his thoughts on what the final bill will look like.\xa0\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nwhy Circle and Coinbase created the Center Consortium and why Coinbase acquired a stake in Circle\n\nwhether Circle is aiming to be acquired or become a public company, and why Jeremy is pursuing a "multi-decade" strategy\n\nwhy Circle partnered with MercadoLibre and the stablecoin usage in Latin America [may need to cut if embargo does not stick]\n\n\nhow the company has been supporting developers to build applications\n\nwhy Circle is launching native USDC on so many new blockchains\xa0\n\nwhat the purpose of cross-chain transfer protocol (CCTP) is and what the big problems with bridges are\n\nhow Circle responded to Silicon Valley Bank\u2019s collapse and why the world began to feel that "it's not safe to be exposed to the US"\n\nJeremy's thoughts on the launch of PayPal's stablecoin, PYUSD\n\nwhy having stablecoin legislation is a "national priority," according to Jeremy\n\nwhy Jeremy is a proponent of a fully reserved banking system\n\nwhy he thinks the US needs to "aggressively" take action to preserve the global reserve currency status of the US dollar\n\nhow China\u2019s national digital currency is likely to develop\n\nhow crypto can provide a better way of providing identity without giving up privacy\n\nwhy blockchain technology is much more than just a financial regulatory matter\n\n\nThank you to our sponsors!\n\nCrypto.com\n\nArbitrum Foundation\n\nToku\n\nLayerZero\n\nGuest:\n\nJeremy Allaire, cofounder, Chairman and CEO of Circle\n\nPrevious appearances of Jeremy on Unchained:\xa0\n\nCrypto on Every Corner: Driving Adoption With Jeremy Allaire and Meltem Demirors\n\nCircle\u2019s Jeremy Allaire and Sean Neville on Why Crypto Will Be Bigger Than the Web\n\nJeremy Allaire on Why the US Government Needs a New Category for Digital Assets\n\nLinks\n\nUnchained:\xa0\n\nCoinbase Acquires Equity Stake in Circle Amid USDC Updates and Market Challenges\n\nWill PayPal\u2019s PYUSD Steal Market Share From Tether and Circle?\n\nThe Fall of SVB: What Happened and How It Affects Crypto\n\n\n\nCoinDesk:\xa0\n\n\nU.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House\xa0\n\nCircle Seeks to Make Crypto Payments Easier With New 'Programmable Wallets'\n\n\nWritten Statement of Jeremy Allaire Before the United States House Committee on Financial Services, \u201cThe Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem\u201d\n\nSouth China Morning Post: Head of crypto firm Circle accepts ban in mainland China, but sees role for yuan-backed stablecoins\xa0\n\nTechCrunch: Solana Pay integrates plug-in with Shopify for USDC payments\xa0\n\nDecrypt: News Explorer \u2014 Circle Partners With Mercado Libre to Bring USDC to Chile\xa0\n\n\nJeremy\u2019s comments on the launch of PYUSD\n\n\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices