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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.
$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
