Circle CEO (Konsens 2022 Live)

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Jeremy Allaire, CEO des Stablecoin-Giganten Circle, sprach am Mittwoch auf der Consensus 2022 darüber, wie Unternehmen wie seines in das aktuelle US-Dollar-System und Regulierungssystem passen. Die Führungskraft sagte, dass ein weit verbreiteter Vertrauensverlust in das US-Bankwesen zu einer „Entdollarisierung“ beitrage und dass digitale Dollar-Stablecoins ihm helfen würden, seine globale Dominanz zu bewahren. Ein sicherer digitaler Dollar Während eines Panels mit dem Titel „Eine 10-jährige Achterbahnfahrt auf dem Weg zu einem neuen Geldmodell“ sagte Allaire, dass die Zusammenbruch der Silicon Valley Bank (SVB) im März war nur eine Erinnerung daran, warum Circle und andere Kryptofirmen vor 10 Jahren gegründet wurden. „Es …
Jeremy Allaire, CEO of the StableCoin giant Circle, spoke on Wednesday at Consensus 2022 about how companies such as its in the current US dollar system and regulatory system fit. The manager said that a widespread loss of trust in the US banking system contributes to a "density" and that digital dollar staircoins would help him keep his global dominance. A safe digital dollar during a panel entitled "A 10-year roller coaster ride on the way to a new money model" said Allaire that the collapse of the Silicon Valley Bank (SVB) in March was only one memory of why Circle and other crypto companies were founded 10 years ago. "It ... (Symbolbild/KNAT)

Jeremy Allaire, CEO of the StableCoin giant Circle, spoke on Wednesday at Consensus 2022 about how companies such as its current US dollar system and regulatory system fit.

The manager said that a widespread loss of trust in the US banking contributes to a "ducking" and that digital dollar stall coins would help him keep his global dominance.

a safe digital dollar

during a panel entitled "A 10-year roller coaster ride on the way to a new money model" said Allaire that the collapse The silicon Valley bank (svb) was only in March) A memory of why Circle and other crypto companies were founded 10 years ago.

"It was a reaction to the global financial crisis from 2008," he said. "I personally spent a lot of time to understand the nature of the money and the banking system [Works] the international currency system - and that was before I had any knowledge of Bitcoin or anything of it," he said.

The white paper from Bitcoin was published in 2008 when numerous massive bank bankruptcies in the United States meant that taxpayers had to pay for risky decisions from investment banks with customer funds. The network was the first of its kind that enabled trustworthy peer-to-peer payments in a digital way, whereupon many other cryptocurrencies followed.

Allaire noticed that the idea of ​​"healthy money" is piercing the crypto room, and that the idea of ​​circle was to introduce this to the world of Fiat currency in digital form. "This would dramatically change the underlying security of money as well as open up exceptional new opportunities on how to organize economic and financial activities."

Jeremy allaire (consensus)

de-dollarization

The CEO said that in response to the various bank defeats in March, which opened the underlying risks of the US banking system, a "very active desdollarization takes place". Even Federal Supervisory Authorities have recognized this in various government documents on stable coins-including the report of the President Working Group-and advocate that such assets will be underlaid by cash and US treasuries and not by insoles from commercial banks.

Bitmex co-founder Arthur Hayes published a essay this month argues that a global "dedollarization" could be reality on it, since different international agreements indicate that nation states strive for less dependence on the USD.

A solution for the falling dominance of the dollar, allaire claims, are stable coins. "Internationally is the place where the campaign for stable coins and especially for USDC takes place," he said.

When asked about lessons for newcomers to crypto, Allaire said that he was patient in developing large, systemic, institutional structures. After 10 years, according to Allaire, Circle has just completed his “1.0” vision of the company.

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