Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail
Cointelegraph
Published Mar 19, 2019 03:49AM ET
Updated Mar 19, 2019 04:02AM ET
Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail
Jeremy Allaire, co-founder and CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using an open standards approach will prevail. Allaire made his remarks during an interview with Fortune’s crypto-focused segment The Ledger on March 19.
As reported, Circle launched its US dollar-backed, ERC-20 stablecoin USD Coin (USDC) last fall, via the consortium Centre, which counts crypto exchange Coinbase and mining firm Bitmain as members. Centre is also the name for the token’s open network and open source protocol, which provides interoperability in a bid to secure wide ecosystem support for the asset.
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