Jeremy Allaire spoke at Token2049 in Dubai on April 19, discussing the establishment of stablecoin regulations worldwide. He highlighted the impact of these rules on the expansion of USDC’s market infrastructure.
Allaire also revealed Circle’s plans to establish local banking infrastructures in key financial centers such as Singapore, Hong Kong, and the European Union. In addition, Circle has started introducing its stablecoin in Brazil and Mexico and is collaborating with banks to advance blockchain technology.
The company operates on 16 different blockchain networks and protocols, emphasizing its technological progress. Allaire emphasized the evolving role of money in business and banking efficiency, stating that digital currencies will play a strategic role in both developed and international markets.
He underlined the importance of digital currencies in a globalized economy where financial transactions often cross borders. Circle’s commitment to technological innovation was evident in the development of the cross-chain transfer protocol, aiming to enhance USDC’s liquidity across different blockchain ecosystems.
Allaire also mentioned working with developers from various countries to build applications and utilities for the stablecoin network. The fireside chat concluded with a discussion about the future challenges and opportunities in the stablecoin ecosystem.
Allaire emphasized the necessity of regulated, fully reserved digital currencies for real economic activities and household use.