sgleahy

Circle’s Jeremy Allaire Answers 2 Infrastructure Questions

Good Questions, great answers.

Will the Revolution Be Seen?

Recent interpretive letters from the Office of the Comptroller of the Currency (OCC) make clear that Federally-regulated banks can hold reserves for stablecoin issuers. Some of the top line restrictions will be that the stablecoins have to have a 1:1 fiat-to-stablecoin reserve that is validated each day, and that those stablecoins must be in hostedContinue reading “Will the Revolution Be Seen?”

Digital Asset Payment Rails

Growing a mainstream user base is far more important than the frothiness of the current DeFi craze. I sincerely hope there will be lessons learned from DeFi in it’s current iteration (a bunch of food-themed versions of collateralized lending) and that the valuable lessons will then be applied to the next round of Digital AssetContinue reading “Digital Asset Payment Rails”