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Circle CEO: Stablecoins can skip yield, but need alternative reward systems On March 20, 2026, Circle CEO Jeremy Allaire Jeremy Allaire - jerallaire.arc noted the GENIUS Act prohibits stablecoin issuers from paying interest directly to users. The real debate is whether distributors can offer rewards. He believes that as...

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Circle was founded on a simple idea: money should move more like information on the internet. As Jeremy Allaire - jerallaire.arc puts it, the goal was to build “a protocol for dollars on the internet,” one that allows value to move over open networks at the speed of the internet. For banks, that vision is becoming a strategic question: → Stablecoins are becoming infrastructure → AI is accelerating the shift → Payments, FX, and settlement are moving toward always-on systems
2:13

Circle was founded on a simple idea: money should move more like information on the internet. As Jeremy Allaire - jerallaire.arc puts it, the goal was to build “a protocol for dollars on the internet,” one that allows value to move over open networks at the speed of the internet. For banks, that vision is becoming a strategic question: → Stablecoins are becoming infrastructure → AI is accelerating the shift → Payments, FX, and settlement are moving toward always-on systems

Circle

40,847 görüntüleme • 3 ay önce

All-In does Davos: Top CEOs break down the future of money, security, air travel, and energy 🚨 @jason is joined by: - Jeremy Allaire - jerallaire.arc (Circle) - GeorgeKurtz (CrowdStrike) - Adam Goldstein (Archer) - Chase Lochmiller (Crusoe) (0:00) Intro (0:50) Circle CEO Jeremy Allaire on stablecoins post-GENIUS Act, interest rate impact, growth in 2026, and the future of money in an AI world (52:33) CrowdStrike CEO George Kurtz on cybersecurity in the AI era, most capable hacker nations, and more (1:17:53) Archer CEO Adam Goldstein on the state of eVTOLs in 2026 and when to expect them (1:42:27) Crusoe CEO Chase Lochmiller on powering the trillion-dollar AI buildout On Public, you can invest in stocks, options, bonds, and crypto. Plus, build your own custom index with AI. Get started at — investing for those who take it seriously.
2:14:40

All-In does Davos: Top CEOs break down the future of money, security, air travel, and energy 🚨 @jason is joined by: - Jeremy Allaire - jerallaire.arc (Circle) - GeorgeKurtz (CrowdStrike) - Adam Goldstein (Archer) - Chase Lochmiller (Crusoe) (0:00) Intro (0:50) Circle CEO Jeremy Allaire on stablecoins post-GENIUS Act, interest rate impact, growth in 2026, and the future of money in an AI world (52:33) CrowdStrike CEO George Kurtz on cybersecurity in the AI era, most capable hacker nations, and more (1:17:53) Archer CEO Adam Goldstein on the state of eVTOLs in 2026 and when to expect them (1:42:27) Crusoe CEO Chase Lochmiller on powering the trillion-dollar AI buildout On Public, you can invest in stocks, options, bonds, and crypto. Plus, build your own custom index with AI. Get started at — investing for those who take it seriously.

The All-In Podcast

202,648 görüntüleme • 5 ay önce

1/ Four months ago, our chef & CEO Shaaran 🛸 called it. On MR SHIFT 🦁, he said T-bill-backed stablecoins would lose the ability to pass yield to users. Today, that’s exactly what’s happening and Circle is down 20%. But that was just the first domino.
0:35

1/ Four months ago, our chef & CEO Shaaran 🛸 called it. On MR SHIFT 🦁, he said T-bill-backed stablecoins would lose the ability to pass yield to users. Today, that’s exactly what’s happening and Circle is down 20%. But that was just the first domino.

Multipli.fi

16,973 görüntüleme • 3 ay önce

🚨 STABLECOIN YIELD DEBATE HEATS UP IN SENATE HEARING Banks argue that stablecoin interest could drain deposits from credit unions and traditional banks. At the Senate Banking hearing, NCUA Chair KYLE HAUPTMAN pushed back. 🔹 Stablecoins aren’t inherently a threat 🔹 Credit unions can participate in the ecosystem 🔹 Innovation shouldn’t be blocked to protect incumbents One of the key fights in the stablecoin CLARITY Act debate is whether digital dollars can offer yield. Banks want restrictions. Crypto wants open competition. $ETH $BTC
0:36

🚨 STABLECOIN YIELD DEBATE HEATS UP IN SENATE HEARING Banks argue that stablecoin interest could drain deposits from credit unions and traditional banks. At the Senate Banking hearing, NCUA Chair KYLE HAUPTMAN pushed back. 🔹 Stablecoins aren’t inherently a threat 🔹 Credit unions can participate in the ecosystem 🔹 Innovation shouldn’t be blocked to protect incumbents One of the key fights in the stablecoin CLARITY Act debate is whether digital dollars can offer yield. Banks want restrictions. Crypto wants open competition. $ETH $BTC

BMNR Bullz

67,196 görüntüleme • 4 ay önce

"Households and firms want to hold these safe, full reserve digital dollar instruments (stablecoins) that have the utility of the internet." - Jeremy Allaire - jerallaire.arc, co-founder of Circle "It's like when people woke up and said, hey, I can use WhatsApp and I can communicate with others, I don't have to pay my carrier these SMS fees." "People want a unit of account and the power of the internet as a medium of exchange. Relative to almost every other fiat currency, the US dollar still remains super preferred." "The programmability piece is the exciting next step. (Think about) intermediating financial, labor, and AI agent arrangements. It's going to be an entrepreneur and developer-driven phenomenon."
1:24

"Households and firms want to hold these safe, full reserve digital dollar instruments (stablecoins) that have the utility of the internet." - Jeremy Allaire - jerallaire.arc, co-founder of Circle "It's like when people woke up and said, hey, I can use WhatsApp and I can communicate with others, I don't have to pay my carrier these SMS fees." "People want a unit of account and the power of the internet as a medium of exchange. Relative to almost every other fiat currency, the US dollar still remains super preferred." "The programmability piece is the exciting next step. (Think about) intermediating financial, labor, and AI agent arrangements. It's going to be an entrepreneur and developer-driven phenomenon."

TBPN

28,527 görüntüleme • 1 yıl önce

"We are crossing the chasm from early adopters to mainstream acceptance (of stablecoins)." - Jeremy Allaire - jerallaire.arc, co-founder of Circle "The laws and regulations of a publicly traded company matter in terms of trust, transparency, compliance, and governance." "We're a market-neutral infrastructure company that people can build on top of. We're not competing for end users or businesses." "I really think now is a significant moment, where lots of mainstream companies feel like they can do this and there's a great platform company to work with."
1:54

"We are crossing the chasm from early adopters to mainstream acceptance (of stablecoins)." - Jeremy Allaire - jerallaire.arc, co-founder of Circle "The laws and regulations of a publicly traded company matter in terms of trust, transparency, compliance, and governance." "We're a market-neutral infrastructure company that people can build on top of. We're not competing for end users or businesses." "I really think now is a significant moment, where lots of mainstream companies feel like they can do this and there's a great platform company to work with."

TBPN

10,821 görüntüleme • 1 yıl önce

For users and institutions, the promise is simple: faster, cheaper, always-on finance. But regulated stablecoins are just the beginning. A new system is taking shape. → Arc, a new blockchain network designed as the Economic OS for the internet → Regulated digital assets like USDC, EURC, and USYC as units of value → Applications such as the Circle Payments Network (CPN) that deliver real-world economic utility Together, these layers connect onchain innovation to everyday financial use cases. This is how the Internet Financial System works.
0:43

For users and institutions, the promise is simple: faster, cheaper, always-on finance. But regulated stablecoins are just the beginning. A new system is taking shape. → Arc, a new blockchain network designed as the Economic OS for the internet → Regulated digital assets like USDC, EURC, and USYC as units of value → Applications such as the Circle Payments Network (CPN) that deliver real-world economic utility Together, these layers connect onchain innovation to everyday financial use cases. This is how the Internet Financial System works.

Circle

15,390 görüntüleme • 6 ay önce

OpenUSD could flip the entire stablecoin business model upside down "Look at the business model of existing stablecoins like Circle and Tether. USDC and USDT are the product, but the business model is the float. They take in a ton of money, invest it in short-term treasuries, earn a yield, and that's their income" "In 2024 Circle said 99% of their income came from holding treasuries and earning a yield. That's an astounding number. Tether is one of the most profitable companies in the world because of high interest rates in the exact same model" "These 140 companies are saying we are going to earn the interest from that float instead of the issuers. OpenUSD will just make a small amount on transaction fees, and the companies using it earn the interest on the tokens. Complete change in the model. That's why Circle stock dumped so hard, people believe the day of making money on float might be over"
1:06

OpenUSD could flip the entire stablecoin business model upside down "Look at the business model of existing stablecoins like Circle and Tether. USDC and USDT are the product, but the business model is the float. They take in a ton of money, invest it in short-term treasuries, earn a yield, and that's their income" "In 2024 Circle said 99% of their income came from holding treasuries and earning a yield. That's an astounding number. Tether is one of the most profitable companies in the world because of high interest rates in the exact same model" "These 140 companies are saying we are going to earn the interest from that float instead of the issuers. OpenUSD will just make a small amount on transaction fees, and the companies using it earn the interest on the tokens. Complete change in the model. That's why Circle stock dumped so hard, people believe the day of making money on float might be over"

The Wolf Of All Streets

26,324 görüntüleme • 14 gün önce

We sat down with Matt Hougan at Breakpoint to talk about what happens when Wall Street finally starts to pay attention to stablecoins. Almost no one in traditional finance cared until the GENIUS Act. Now the Treasury Secretary is projecting a market repricing to $3.7 trillion. The question institutions are asking: how do I actually invest in this? That's what Bitwise has filed to build. As CIO managing over $15 billion in assets, Matt breaks down the stablecoin ETF filing — half crypto protocols like Solana and Ethereum, half companies like Circle and Coinbase 🛡️ — designed for investors who know stablecoins are going to be big but don't know where the value will accrue. Key Moments: 04:18 - "Almost no one cared until the GENIUS Act" 06:55 - "Robbed of the interest income for the last hundred years" 08:30 - Why the GENIUS Act timeline matters 10:38 - The stablecoin ETF thesis and filing 14:26 - Tokenization: $68 trillion in US equities 18:14 - Why stablecoin economics mirror Charles Schwab's profit model 21:55 - Solana's role in internet capital markets 23:48 - The Solana thesis: two bets at once Recorded at Solana Breakpoint 2025
24:14

We sat down with Matt Hougan at Breakpoint to talk about what happens when Wall Street finally starts to pay attention to stablecoins. Almost no one in traditional finance cared until the GENIUS Act. Now the Treasury Secretary is projecting a market repricing to $3.7 trillion. The question institutions are asking: how do I actually invest in this? That's what Bitwise has filed to build. As CIO managing over $15 billion in assets, Matt breaks down the stablecoin ETF filing — half crypto protocols like Solana and Ethereum, half companies like Circle and Coinbase 🛡️ — designed for investors who know stablecoins are going to be big but don't know where the value will accrue. Key Moments: 04:18 - "Almost no one cared until the GENIUS Act" 06:55 - "Robbed of the interest income for the last hundred years" 08:30 - Why the GENIUS Act timeline matters 10:38 - The stablecoin ETF thesis and filing 14:26 - Tokenization: $68 trillion in US equities 18:14 - Why stablecoin economics mirror Charles Schwab's profit model 21:55 - Solana's role in internet capital markets 23:48 - The Solana thesis: two bets at once Recorded at Solana Breakpoint 2025

Stabledash

28,855 görüntüleme • 5 ay önce

Circle CEO Jeremy Allaire - jerallaire.arc freakin' NAILED the 'Onchain Credit Boom' thesis on the The All-In Podcast Stablecoins like $USDC aren't just digital dollars for trading crypto anymore. They're becoming the rails for an entirely new credit infrastructure. The obvious impact: Small businesses could access capital without walking into a bank branch or filling out 47 pages of paperwork. Equipment leasing, factoring, working capital. All executed through smart contracts. But the kicker is this: He wants credit markets that work like Google AdWords. Auction-based, real-time, algorithmic pricing of credit risk. AI handling underwriting while smart contracts handle execution. No storefronts. No loan officers. No 5-7 business day waiting periods. Just software machines pricing risk and moving capital in milliseconds. Winners: Small business owners who currently get ignored by traditional banks. The restaurant owner who needs kitchen equipment. The startup that needs to make a hire before the next funding round closes. Losers: Traditional lenders charging fat margins for slow, manual processes. The entire middle layer of financial intermediaries who exist because the current system is inefficient. When lending protocols start competing in real-time auctions, and AI can underwrite a loan faster than you can fill out an application, that's when this thesis goes from podcast theory to market reality. The thesis in a nutshell: Credit will become as liquid and efficient as digital advertising.
1:17

Circle CEO Jeremy Allaire - jerallaire.arc freakin' NAILED the 'Onchain Credit Boom' thesis on the The All-In Podcast Stablecoins like $USDC aren't just digital dollars for trading crypto anymore. They're becoming the rails for an entirely new credit infrastructure. The obvious impact: Small businesses could access capital without walking into a bank branch or filling out 47 pages of paperwork. Equipment leasing, factoring, working capital. All executed through smart contracts. But the kicker is this: He wants credit markets that work like Google AdWords. Auction-based, real-time, algorithmic pricing of credit risk. AI handling underwriting while smart contracts handle execution. No storefronts. No loan officers. No 5-7 business day waiting periods. Just software machines pricing risk and moving capital in milliseconds. Winners: Small business owners who currently get ignored by traditional banks. The restaurant owner who needs kitchen equipment. The startup that needs to make a hire before the next funding round closes. Losers: Traditional lenders charging fat margins for slow, manual processes. The entire middle layer of financial intermediaries who exist because the current system is inefficient. When lending protocols start competing in real-time auctions, and AI can underwrite a loan faster than you can fill out an application, that's when this thesis goes from podcast theory to market reality. The thesis in a nutshell: Credit will become as liquid and efficient as digital advertising.

Milk Road

65,149 görüntüleme • 5 ay önce

🚨 Ep. 60 of Tokenized Podcast: Stablecoins vs. Tokenized Deposits — What do Banks Want? Simon Taylor & Cuy Sheffield are joined by: ➡️ Rachel Mayer, VP of Product Circle ➡️ Nick van Eck, CEO and Co-Founder Agora To discuss: 🧠 Larry Fink's op-ed on tokenization compared to the early internet ⚡️ The killer features of tokenization: instant finality and settlement speed 📈 The growth of stablecoins versus other tokenized real-world assets ✅ Collateral mobility benefits for personal and corporate cash management 🔎 Regulatory clarity from the GENIUS Act as a major unlock 🛡 Technological and practical barriers to institutional adoption 🏦 European bank consortium launching a Euro stablecoin named Kivalis 🗣 Tokenized deposits vs. stablecoins: safety and utility debate 🌐 Sony's plan to issue its own stablecoin for its ecosystem *** Timestamps: 00:00 Introduction 02:40 Larry Fink's op-ed on tokenization compared to the early internet 04:26 The killer features of tokenization: instant finality and settlement speed 06:40 The growth of stablecoins versus other tokenized real-world assets 10:18 Collateral mobility benefits for personal and corporate cash management 13:14 Regulatory clarity from the GENIUS Act as a major unlock 16:21 Technological and practical barriers to institutional adoption 23:54 European bank consortium launching a Euro stablecoin named Kivalis 27:04 Tokenized deposits vs. stablecoins: safety and utility debate 35:59 Sony's plan to issue its own stablecoin for its ecosystem *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈
52:47

🚨 Ep. 60 of Tokenized Podcast: Stablecoins vs. Tokenized Deposits — What do Banks Want? Simon Taylor & Cuy Sheffield are joined by: ➡️ Rachel Mayer, VP of Product Circle ➡️ Nick van Eck, CEO and Co-Founder Agora To discuss: 🧠 Larry Fink's op-ed on tokenization compared to the early internet ⚡️ The killer features of tokenization: instant finality and settlement speed 📈 The growth of stablecoins versus other tokenized real-world assets ✅ Collateral mobility benefits for personal and corporate cash management 🔎 Regulatory clarity from the GENIUS Act as a major unlock 🛡 Technological and practical barriers to institutional adoption 🏦 European bank consortium launching a Euro stablecoin named Kivalis 🗣 Tokenized deposits vs. stablecoins: safety and utility debate 🌐 Sony's plan to issue its own stablecoin for its ecosystem *** Timestamps: 00:00 Introduction 02:40 Larry Fink's op-ed on tokenization compared to the early internet 04:26 The killer features of tokenization: instant finality and settlement speed 06:40 The growth of stablecoins versus other tokenized real-world assets 10:18 Collateral mobility benefits for personal and corporate cash management 13:14 Regulatory clarity from the GENIUS Act as a major unlock 16:21 Technological and practical barriers to institutional adoption 23:54 European bank consortium launching a Euro stablecoin named Kivalis 27:04 Tokenized deposits vs. stablecoins: safety and utility debate 35:59 Sony's plan to issue its own stablecoin for its ecosystem *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

Tokenized Podcast

21,585 görüntüleme • 7 ay önce

Introducing Arc, the home for stablecoin finance. Arc is an open Layer-1 blockchain purpose-built to drive the next chapter of financial innovation powered by stablecoins. Designed to provide an enterprise-grade foundation for payments, FX, and capital markets, Arc delivers the performance, reliability, and liquidity builders need to meet global financial demands. Arc features: ✅ USDC as native gas ✅ Built-in FX engine ✅ Deterministic sub-second finality ✅ Opt-in privacy ✅ Full Circle platform integration Open, composable, and EVM-compatible, Arc is designed to interoperate seamlessly with the broader multichain ecosystem. As part of our mission to advance blockchain infrastructure, we're excited to welcome the Malachite team and IP from Informal Systems to Circle. Arc is built on Malachite’s high-performance consensus engine. In line with our commitment to open-source development, the core software for Arc will be released under a permissive license, enabling the broader developer community to contribute, extend, and build on top. Serving as foundational infrastructure for the internet, Arc will enable 24/7 global settlement that’s as seamless and native as messaging on the web. Arc will enter private testnet in the coming weeks, with public testnet expected this fall. Read the litepaper: Let’s build the new internet financial system together:
0:25

Introducing Arc, the home for stablecoin finance. Arc is an open Layer-1 blockchain purpose-built to drive the next chapter of financial innovation powered by stablecoins. Designed to provide an enterprise-grade foundation for payments, FX, and capital markets, Arc delivers the performance, reliability, and liquidity builders need to meet global financial demands. Arc features: ✅ USDC as native gas ✅ Built-in FX engine ✅ Deterministic sub-second finality ✅ Opt-in privacy ✅ Full Circle platform integration Open, composable, and EVM-compatible, Arc is designed to interoperate seamlessly with the broader multichain ecosystem. As part of our mission to advance blockchain infrastructure, we're excited to welcome the Malachite team and IP from Informal Systems to Circle. Arc is built on Malachite’s high-performance consensus engine. In line with our commitment to open-source development, the core software for Arc will be released under a permissive license, enabling the broader developer community to contribute, extend, and build on top. Serving as foundational infrastructure for the internet, Arc will enable 24/7 global settlement that’s as seamless and native as messaging on the web. Arc will enter private testnet in the coming weeks, with public testnet expected this fall. Read the litepaper: Let’s build the new internet financial system together:

Circle

699,090 görüntüleme • 11 ay önce

THE BANK LOBBY IS TERRIFIED. 🚨 And now everyone knows why. This was never about protecting consumers. It's a turf war. Stablecoins with yield means money leaving banks. That's what they're actually fighting. Not crypto. Their own survival. Banks spent decades paying you 0.01% on savings. Now stablecoins offer real yield. And suddenly banks care about "consumer protection." The audacity. Trump exposing them. Barclays CEO saying adopt it. Senate pushing the CLARITY Act. Banks lobbying harder than ever. The more desperate they fight… The more obvious it becomes what's at stake. The biggest transfer of financial power in history is happening right now. From banks to blockchain. From middlemen to code. From their control to yours. And all they can do is lobby against it. They already lost.
0:36

THE BANK LOBBY IS TERRIFIED. 🚨 And now everyone knows why. This was never about protecting consumers. It's a turf war. Stablecoins with yield means money leaving banks. That's what they're actually fighting. Not crypto. Their own survival. Banks spent decades paying you 0.01% on savings. Now stablecoins offer real yield. And suddenly banks care about "consumer protection." The audacity. Trump exposing them. Barclays CEO saying adopt it. Senate pushing the CLARITY Act. Banks lobbying harder than ever. The more desperate they fight… The more obvious it becomes what's at stake. The biggest transfer of financial power in history is happening right now. From banks to blockchain. From middlemen to code. From their control to yours. And all they can do is lobby against it. They already lost.

Crypto Tice

13,098 görüntüleme • 4 ay önce

The CEO of Tether believes the business is worth $2 Trillion. $2,000,000,000,000 That number may sound crazy, but Tether is the most profitable company per employee in human history. I sat down with CEO Paolo Ardoino 🤖 to discuss regulation, emerging markets, the Circle IPO, working with Cantor Fitzgerald, helping the DOJ, extrapolating economic data, and what Tether is investing in with their $13 billion of profits annually. Enjoy! TIMESTAMPS: 0:00 - Intro 1:30 - Senate passes Genius Act 4:49 - Tether plans for US legislation 8:14 - Individuals portfolio: bitcoin, stablecoins, dollars 15:53 - Circle IPO 20:05 - Relationship with Cantor Fitzgerald 25:58 - Working with the DOJ 28:20 - Exploring real time information 33:04 - Will Tether be integrated into the stock market? 35:27 - Tether investments and vision for the future 44:40 - What is Paolo’s motivation?
49:01

The CEO of Tether believes the business is worth $2 Trillion. $2,000,000,000,000 That number may sound crazy, but Tether is the most profitable company per employee in human history. I sat down with CEO Paolo Ardoino 🤖 to discuss regulation, emerging markets, the Circle IPO, working with Cantor Fitzgerald, helping the DOJ, extrapolating economic data, and what Tether is investing in with their $13 billion of profits annually. Enjoy! TIMESTAMPS: 0:00 - Intro 1:30 - Senate passes Genius Act 4:49 - Tether plans for US legislation 8:14 - Individuals portfolio: bitcoin, stablecoins, dollars 15:53 - Circle IPO 20:05 - Relationship with Cantor Fitzgerald 25:58 - Working with the DOJ 28:20 - Exploring real time information 33:04 - Will Tether be integrated into the stock market? 35:27 - Tether investments and vision for the future 44:40 - What is Paolo’s motivation?

Anthony Pompliano 🌪

473,977 görüntüleme • 1 yıl önce

140 of the biggest financial firms on Earth just teamed up to assassinate ONE company. The same company they helped BUILD for 7 years. BlackRock, Coinbase, Visa, Mastercard, Stripe, BNY Mellon, and Google all showed up to sign the kill order: Yesterday, a consortium of over 140 financial firms launched a new stablecoin called Open USD. The target: Circle Internet Group, the $17 billion company behind USDC. Circle stock crashed 17.5% in a single trading session and closed near $62. It is now down more than 40% in 30 days from its May high of $138. But this is NOT a story about a competitor showing up... This is about a company getting assassinated by the exact partners it depended on to survive. Here is how deep the betrayal goes: Coinbase and Circle co-founded USDC together in 2018. They built the stablecoin as partners through the Centre Consortium. In 2024 alone, Circle paid Coinbase $908 million as a distribution fee for hosting USDC on the Coinbase platform. That revenue-sharing agreement expires in August 2026. Six weeks before that renewal, Coinbase publicly signed onto a project designed to make USDC obsolete. BlackRock literally manages Circle's reserves. The world's largest asset manager has been sitting on the $73.6 billion in US Treasuries backing USDC but joined a consortium built to redirect that interest income to other partners instead of Circle. BNY Mellon is Circle's custody bank. Same playbook here. Custody by day, competitor by night. And Open USD is launching natively on Base, which is Coinbase's own blockchain. Coinbase is literally constructing the rails to replace USDC on the chain Coinbase owns. And what makes it worse: 99% of Circle's 2024 revenue came from interest earned on those Treasury reserves. That is the entire business model. Take user dollars, park them in short-term T-bills, keep the yield. Open USD's pitch to the market is a single sentence: Partners keep the yield instead of Circle. Zero minting fees or redemption fees. Almost all the interest income flows back to the 140 companies distributing the coin. Every "partner" that gave Circle its network effect just realized they had been paying Circle to do something they could do themselves. The interim CEO of Open Standard is Zach Abrams, the co-founder of Bridge, the stablecoin infrastructure firm Stripe acquired for $1.1 billion in 2024. Stripe's stablecoin acquisition is now running the coordinated hit against Circle as well. Circle's own CEO Jeremy Allaire went on the record calling USDC "the most trusted, widely adopted stablecoin globally" and welcoming the competition. That is the polite corporate translation for "our largest revenue-sharing partner just publicly announced they no longer need us." Citi projects the stablecoin market will hit $4 trillion by 2030. 140 companies looked at that number, looked at how much of it Circle was keeping, and coordinated to take it. The exchanges that gave USDC liquidity, the banks that gave USDC legitimacy, the card networks that gave USDC distribution, and the asset managers that gave USDC credibility... Every one of them spent years inside the walls before yesterday's public execution. The most successful crypto IPO of 2025 just got dismantled by the SAME names that built it. What do you think?
1:23

140 of the biggest financial firms on Earth just teamed up to assassinate ONE company. The same company they helped BUILD for 7 years. BlackRock, Coinbase, Visa, Mastercard, Stripe, BNY Mellon, and Google all showed up to sign the kill order: Yesterday, a consortium of over 140 financial firms launched a new stablecoin called Open USD. The target: Circle Internet Group, the $17 billion company behind USDC. Circle stock crashed 17.5% in a single trading session and closed near $62. It is now down more than 40% in 30 days from its May high of $138. But this is NOT a story about a competitor showing up... This is about a company getting assassinated by the exact partners it depended on to survive. Here is how deep the betrayal goes: Coinbase and Circle co-founded USDC together in 2018. They built the stablecoin as partners through the Centre Consortium. In 2024 alone, Circle paid Coinbase $908 million as a distribution fee for hosting USDC on the Coinbase platform. That revenue-sharing agreement expires in August 2026. Six weeks before that renewal, Coinbase publicly signed onto a project designed to make USDC obsolete. BlackRock literally manages Circle's reserves. The world's largest asset manager has been sitting on the $73.6 billion in US Treasuries backing USDC but joined a consortium built to redirect that interest income to other partners instead of Circle. BNY Mellon is Circle's custody bank. Same playbook here. Custody by day, competitor by night. And Open USD is launching natively on Base, which is Coinbase's own blockchain. Coinbase is literally constructing the rails to replace USDC on the chain Coinbase owns. And what makes it worse: 99% of Circle's 2024 revenue came from interest earned on those Treasury reserves. That is the entire business model. Take user dollars, park them in short-term T-bills, keep the yield. Open USD's pitch to the market is a single sentence: Partners keep the yield instead of Circle. Zero minting fees or redemption fees. Almost all the interest income flows back to the 140 companies distributing the coin. Every "partner" that gave Circle its network effect just realized they had been paying Circle to do something they could do themselves. The interim CEO of Open Standard is Zach Abrams, the co-founder of Bridge, the stablecoin infrastructure firm Stripe acquired for $1.1 billion in 2024. Stripe's stablecoin acquisition is now running the coordinated hit against Circle as well. Circle's own CEO Jeremy Allaire went on the record calling USDC "the most trusted, widely adopted stablecoin globally" and welcoming the competition. That is the polite corporate translation for "our largest revenue-sharing partner just publicly announced they no longer need us." Citi projects the stablecoin market will hit $4 trillion by 2030. 140 companies looked at that number, looked at how much of it Circle was keeping, and coordinated to take it. The exchanges that gave USDC liquidity, the banks that gave USDC legitimacy, the card networks that gave USDC distribution, and the asset managers that gave USDC credibility... Every one of them spent years inside the walls before yesterday's public execution. The most successful crypto IPO of 2025 just got dismantled by the SAME names that built it. What do you think?

Ricardo

34,803 görüntüleme • 14 gün önce

behind closed doors, in Davos and DC, incumbent banks and challenger stablecoin companies are in the midst of a protracted fight should stablecoins be allowed to pay interest? trillions of dollars are at stake. which arguments on each side actually make sense? will allowing stablecoins to pay yield really destroy the global economy? Omid Malekan of Columbia Business School is regarded among insiders as one of the few scholars who understands both the traditional financial system and crypto deeply he is the ideal guest for this moment. in this conversation, we strip away the rhetoric to reveal what is really going on: • 01:03 – Why banks are terrified of stablecoins paying interest • 03:12 – “If you want lending to die, support stablecoins” • 13:40 – How disingenuous is the CEO of Bank of America? • 22:58 – Claiming that stablecoins reduce bank deposits is a lie • 30:55 – Nobody accounted for a bank run starting in a WhatsApp group • 34:33 – Big banks are using smaller banks as human shields • 49:49 – "I can verify Tether's liabilities in 30 seconds. JPM can't verify theirs at all." • 59:02 – Wall Street's blockchain pilots are a lie • 01:01:54 – Tokenized bank deposits will never be a thing • 01:06:15 – The hidden tax on every American paycheck brought to you by , the stablecoin foreign exchange specialist
1:15:44

behind closed doors, in Davos and DC, incumbent banks and challenger stablecoin companies are in the midst of a protracted fight should stablecoins be allowed to pay interest? trillions of dollars are at stake. which arguments on each side actually make sense? will allowing stablecoins to pay yield really destroy the global economy? Omid Malekan of Columbia Business School is regarded among insiders as one of the few scholars who understands both the traditional financial system and crypto deeply he is the ideal guest for this moment. in this conversation, we strip away the rhetoric to reveal what is really going on: • 01:03 – Why banks are terrified of stablecoins paying interest • 03:12 – “If you want lending to die, support stablecoins” • 13:40 – How disingenuous is the CEO of Bank of America? • 22:58 – Claiming that stablecoins reduce bank deposits is a lie • 30:55 – Nobody accounted for a bank run starting in a WhatsApp group • 34:33 – Big banks are using smaller banks as human shields • 49:49 – "I can verify Tether's liabilities in 30 seconds. JPM can't verify theirs at all." • 59:02 – Wall Street's blockchain pilots are a lie • 01:01:54 – Tokenized bank deposits will never be a thing • 01:06:15 – The hidden tax on every American paycheck brought to you by , the stablecoin foreign exchange specialist

Haonan

575,423 görüntüleme • 4 ay önce

$MSFT CEO Nadella at Davos :"AI Will Transform Economy More Than Internet." Nadella argues that AI will transform the economy more profoundly than the internet or mobile eras. He describes "tokens" (AI output) as a new global commodity, suggesting that future GDP growth will be directly correlated to a country's ability to produce and utilize tokens efficiently. He believes the winners in this era won't necessarily be the technology creators, but the companies and countries that diffuse and adopt AI the fastest. Furthermore, unlike the PC era, which saw a lag in adoption between the West and the Global South, Nadella notes that AI is being delivered evenly around the world today, leveling the playing field for developers and startups globally. Organizations must move beyond just "adding AI" and instead fundamentally redesign their workflows. He warns that large organizations face a massive change management challenge, while small companies have the advantage of building new structures from scratch.
9:13

$MSFT CEO Nadella at Davos :"AI Will Transform Economy More Than Internet." Nadella argues that AI will transform the economy more profoundly than the internet or mobile eras. He describes "tokens" (AI output) as a new global commodity, suggesting that future GDP growth will be directly correlated to a country's ability to produce and utilize tokens efficiently. He believes the winners in this era won't necessarily be the technology creators, but the companies and countries that diffuse and adopt AI the fastest. Furthermore, unlike the PC era, which saw a lag in adoption between the West and the Global South, Nadella notes that AI is being delivered evenly around the world today, leveling the playing field for developers and startups globally. Organizations must move beyond just "adding AI" and instead fundamentally redesign their workflows. He warns that large organizations face a massive change management challenge, while small companies have the advantage of building new structures from scratch.

Ray Myers

20,546 görüntüleme • 5 ay önce

Introducing Arc, an open Layer-1 blockchain purpose-built for stablecoin finance. From payments to FX to capital markets, Arc is the home for builders innovating with digital money and tokenized value on the internet. Stablecoins have shown us what’s possible. They’ve powered trillions in onchain transactions and unlocked a faster, more open financial system. Arc is designed to provide an enterprise-grade foundation with the performance, reliability, and liquidity needed to scale stablecoin use cases worldwide. Featuring: ✅ USDC as native gas ✅ Built-in FX engine ✅ Deterministic sub-second finality ✅ Opt-in privacy ✅ Full Circle platform integration At its core is Malachite, a high-performance consensus engine developed by Informal Systems that powers Arc with safety, liveness, and resilience at scale. Arc expands the design space for stablecoins by uniting speed with certainty and delivering the native tooling needed to meet real-world business obligations. Open and composable, Arc is designed to interoperate seamlessly with the broader multichain ecosystem. Fully EVM-compatible, developers will be able to build on Arc using the same frameworks and tooling they know and trust. Together, we’re laying the foundation to move stablecoin finance from early adoption to globally trusted infrastructure. Arc will enter private testnet in the coming weeks, with public testnet expected this fall. Read the litepaper → Join us in building the new internet financial system →
2:50

Introducing Arc, an open Layer-1 blockchain purpose-built for stablecoin finance. From payments to FX to capital markets, Arc is the home for builders innovating with digital money and tokenized value on the internet. Stablecoins have shown us what’s possible. They’ve powered trillions in onchain transactions and unlocked a faster, more open financial system. Arc is designed to provide an enterprise-grade foundation with the performance, reliability, and liquidity needed to scale stablecoin use cases worldwide. Featuring: ✅ USDC as native gas ✅ Built-in FX engine ✅ Deterministic sub-second finality ✅ Opt-in privacy ✅ Full Circle platform integration At its core is Malachite, a high-performance consensus engine developed by Informal Systems that powers Arc with safety, liveness, and resilience at scale. Arc expands the design space for stablecoins by uniting speed with certainty and delivering the native tooling needed to meet real-world business obligations. Open and composable, Arc is designed to interoperate seamlessly with the broader multichain ecosystem. Fully EVM-compatible, developers will be able to build on Arc using the same frameworks and tooling they know and trust. Together, we’re laying the foundation to move stablecoin finance from early adoption to globally trusted infrastructure. Arc will enter private testnet in the coming weeks, with public testnet expected this fall. Read the litepaper → Join us in building the new internet financial system →

Arc

770,381 görüntüleme • 11 ay önce

Hey builders! The year is 2026 and the Internet is f*cked! No exaggeration. All parties in the trust ecosystem must collaborate quickly because the race to save the Internet is not moving as fast as the race to conquer it. Although it was founded on the premise of human trust and communication between machines, it is now overrun by bots and non human actors working with more than half of Internet traffic now coming from these non human actors. The challenge that we now face is creating a global, interoperable framework of accountability so we can return trust to the Internet that we know and love, we can continue to enjoy the benefits that AI unlocks, and we can do so in a legally permissible, secure manner that does not endanger individual users, but rather opens new doors of efficiency and opportunity for them. However, there is a narrowing window for action. This is one of the most urgent challenges that faces technology at scale today. All parties in the trust ecosystem, nation states, platforms, developers, legal parties all must collaborate quickly because the race to save the Internet is not moving as fast as the race to conquer it - with unverifiable data and non human actors. — Billions Network CEO Evin McMullen evin
1:21

Hey builders! The year is 2026 and the Internet is f*cked! No exaggeration. All parties in the trust ecosystem must collaborate quickly because the race to save the Internet is not moving as fast as the race to conquer it. Although it was founded on the premise of human trust and communication between machines, it is now overrun by bots and non human actors working with more than half of Internet traffic now coming from these non human actors. The challenge that we now face is creating a global, interoperable framework of accountability so we can return trust to the Internet that we know and love, we can continue to enjoy the benefits that AI unlocks, and we can do so in a legally permissible, secure manner that does not endanger individual users, but rather opens new doors of efficiency and opportunity for them. However, there is a narrowing window for action. This is one of the most urgent challenges that faces technology at scale today. All parties in the trust ecosystem, nation states, platforms, developers, legal parties all must collaborate quickly because the race to save the Internet is not moving as fast as the race to conquer it - with unverifiable data and non human actors. — Billions Network CEO Evin McMullen evin

Billions

30,509 görüntüleme • 5 ay önce

Clip from today’s talk Bitso conference. Here’s the truth: Crypto is still not relatable for most The internet wasn’t relatable not too long ago (don’t believe me, go look at videos of Bill Gates in the early 2000s to realize that) We’re going to make crypto relatable for everyone To the point where it will unequivocally be seen as important as the internet The internet allowed us to move information at the speed of light Crypto allows us to move money as easy as sending an email Inversion is here to accelerate that transition Because fuck it, I don’t want to wait another decade to get there Because so many businesses and people can benefit from this technology - not just stablecoins but more efficient systems that translate to meaningful improvement to lives We’re going to show, not just tell people how crypto fits into their daily lives The time is now INVERT
1:01

Clip from today’s talk Bitso conference. Here’s the truth: Crypto is still not relatable for most The internet wasn’t relatable not too long ago (don’t believe me, go look at videos of Bill Gates in the early 2000s to realize that) We’re going to make crypto relatable for everyone To the point where it will unequivocally be seen as important as the internet The internet allowed us to move information at the speed of light Crypto allows us to move money as easy as sending an email Inversion is here to accelerate that transition Because fuck it, I don’t want to wait another decade to get there Because so many businesses and people can benefit from this technology - not just stablecoins but more efficient systems that translate to meaningful improvement to lives We’re going to show, not just tell people how crypto fits into their daily lives The time is now INVERT

Santiago R Santos

32,435 görüntüleme • 10 ay önce