The Chopping Block: Why Circle CEO Jeremy Allaire Is So Optimistic About Stablecoins' Future - Ep. 541

Published: Sept. 7, 2023, 11 a.m.

Welcome to The Chopping Block \u2013 where crypto insiders Haseeb Qureshi, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the group sits down with Circle CEO Jeremy Allaire to discuss how the USDC stablecoin issuer responded to the banking crisis that started at the end of 2022, what PayPal\u2019s new stablecoin offering means for Circle and the rest of the industry, and whether central bank digital currencies (CBDCs) represent real competition for stablecoins.\xa0\n\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\n\nShow highlights:\xa0\n\nhow the collapse of FTX and other companies led to a de-banking crisis for the industry\n\nwhat the Circle Reserve Fund is\n\nhow the banking crisis in early 2023 caused a "flight from safety"\n\nhow regulatory clarity has improved in the aftermath of the banking crisis\n\nwhy Jeremy actually hopes PayPal's recently launched PYUSD is successful\n\nwhy Tarun believes Central Bank Digital Currencies (CBDCs) are one of the most "boring concepts" within the industry\n\nwhether CBDCs pose a threat to businesses that issue stablecoins such as Circle\n\nWhether the status quo on stablecoins in the U.S. of knowing-your-customer on redemption and minting, but not on holding, is likely to continue.\xa0\n\n\nHosts:\n\n\nHaseeb Qureshi, managing partner at Dragonfly\xa0\n\n\nRobert Leshner, founder of Compound\n\n\nTarun Chitra, managing partner at Robot Ventures\n\nGuest:\n\nJeremy Allaire, CEO of Circle\nDisclosures\nLinks\n\nThe Chopping Block: Was Crypto Just Debanked?\n\nWill PayPal's PYUSD Steal Market Share From Tether and Circle?\n\nThe Fall of SVB: What Happened and How It Affects Crypto\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices