USDC Founder Jeremy Allaire: The Future of Dollars

✨ DEBRIEF | Ryan & David unpacking the episode:
www.bankless.com/debrief-the-...
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Joining the podcast today we have the man behind the largest US based stablecoin, Jeremy Allaire, the Founder of USDC Circle.
A year ago USDC depegged in the face of major banks like SVB and Silvergate collapsing. How did Jeremy deal with that? What year is crypto in internet years? Why don’t we have a venmo for crypto yet? Fast forward to 2030, what’s the total value of stablecoins?
Stay tuned because we ask all that and much more.
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TIMESTAMPS
0:00 Intro
5:47 SVB Crisis Reflections
24:00 Crypto Age in Internet Terms
31:15 The Future of Stablecoins
41:42 The Crypto Venmo
56:18 Blackrock’s BUIDL Fund
1:01:44 US Government
1:16:35 USDC vs Tether
1:22:00 Central Bank Stablecoins
1:28:14 Regulatory Protectionism
1:32:25 Closing Thoughts
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RESOURCES
Jeremy Allaire
/ jerallaire
USDXX - What backs a USDC?
www.blackrock.com/cash/en-us/...
Circle
www.circle.com/en/
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Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

[@Bankless]

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[@MetalBum]

Ethereum. That’s it that’s the message.

[@JeganBedpal]

From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.....

[@TedStalets]

As a beginner, it's essential for you to have a mentor to keep you accountable..

[@rogercav40]

I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service...

[@PatchettStalls]

The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways..

[@CsokiBabi]

The internet is filled with so many useful information about Kerrie Farrell crypto.....

[@KellarHalen]

I agree with you and i believe that the secret to financial stability is having the right investment ideas to enable you earn more..

[@DN-rl9wt]

Ryan, David, excellent interview. Would love to hear about the business model of stable coin issuers like Circle. Thanks!

[@JoeNakamoto]

you're called Bankless and you host Jeremy Allaire. Lol

[@jaeljarquin-hi4kp]

Why everyone is talking about AMS89K?

[@AM2K2]

Bots

[@anuzis]

Great discussion! Appreciate Bankless making these talks available.

[@bit5tr3am]

When is USDC launching on PulseChain?

[@alfiozappala8798]

When will New York State companies be able to open Circle accounts?

[@PatrickAyelle]

1:13:16 this is hinting at a common misconception. Most users of stablecoins don’t know about blacklist. “They own the private keys”

[@alfiozappala8798]

When will USDC on Algorand be supported on CCTP?

[@donsilverson9927]

Ask ur mom

[@MiguelSanchezWorld]

He said predator form of money 🤣

[@DonteeWeaver]

👀

[@tehreemmaqsood9950]

99Bitcoins is droppin' truth bombs on the crypto world, always keepin' it real 👍💥

[@Zale370]

What is the point in having.50+ stablecoins, that would just be a nightmare for both merchants and customers. What token are you using sir, stablepepe, sorry we don't accept that one what else do you have?

[@dannmoreno5012]

Reduces the risk of systemic failure. Convenience vs antifragility

[@Voxettix]

@@dannmoreno5012how if theyre not backing each other

[@gordondkrbavac6861]

❤

[@alscott212]

Don't know if what I'm about to say kind of stems from a personal view of paranoia, or if it might be even relevant to most in Bankless here (since it seems that Bankless is kind of a US-concentrated sort of thing?), but all the discussion regarding USDC and USDT as operating in different and disparate spheres. It makes me think that it plays into the scenario akin to the traditional finance world, wherein there are US dollars that exist and circulates in the US, and the US dollars that are circulated (and used) in other parts of the world? Yet, again the US crypto system and everyone in it is placed within this moat, and can only interact with parties and countries that are KYC-ed and not blacklisted (or grey-listed)?

[@rivianado8430]

When he says “programmatically controlled”.. 😳 *major villain vibes* 🦹‍♂️

[@rosskenneger5581]

If

[@rivianado8430]

feels like phed psyops tbh 😒

[@PearseNation]

This guy talks as if micro-transactions in games are a good thing.

[@HoneyBadger80886]

Circular Economies are sustainable. Bitcoin is money for Peer 2 Peer without #Trusted3rdParties. Community.

[@kyneticist]

People of wealth and power have never, and will never let such an economy exist (unless they have absolute control and it serves them personally).

[@HoneyBadger80886]

@@kyneticist let's check the "wealth" status after the leverages flush thru

[@Lucia76846]

Sponge V2 is a diamond in the rough, I'm bettin' everything that this one moons! 🧽💎

[@sarashah1558]

eTuktuk - gonna try hailing one next time I'm in Bangkok 🛺🇹🇭

[@hamzamaqsood4283]

Slothana is meme-ing its way to profits, who's laughing at my meme picks now? 🥱🤑