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$CRCL CEO discusses payment networks and partners: "So first and foremost, USDC as a stablecoin network is a market-neutral infrastructure, which many, many different types of companies are building on top of whether those are capital markets firms, trading firms, exchanges, https://t.co/PNGtO7Dqhy
Today on The Information’s TITV: -@jerallaire, CEO of @circle, on Q2 Earnings -@Yueqi_Yang on crypto treasury stocks -Sukhinder Singh Cassidy, CEO of @Xero, on their growth strategy -@wAIeedatallah, CEO of @mako_dev_ai, on their latest seed round 📺 Tune in at 10 am PT /
“The internet is colliding with the financial system.” - @jerallaire on @CNBC Circle’s Q2 results are a milestone for USDC adoption, and our long-term vision. https://t.co/DeoCRKPSC4
Circle Chief Executive Officer Jeremy Allaire said the proposed Genius Act would give stablecoins far wider use in everyday payments, arguing that the legislation could accelerate the integration of blockchain-based tokens into mainstream finance. Speaking as the company prepared to release its second-quarter results, Allaire added that Circle continues to see strong demand for its USDC stablecoin in cross-border remittances. He described the broader trend as “the internet colliding with the financial system,” noting that a range of trading firms, exchanges and capital-markets participants are already building services on top of USDC’s market-neutral infrastructure.
