Stablecoins Should Become Mass Export Product of the US, Says Circle CEO Jeremy Allaire
The chief executive of stablecoin issuer Circle says that dollar-pegged digital assets should become a mass export product of the United States. In a new interview on CNBC Television, Circle CEO Jeremy Allaire says that the US should promote “full reserve digital dollars” as a means of preserving the value of the US dollar. Allaire also says the US’ fiscal situation is “not in order” – something that could also be aided by a transparent digital dollar system. “First and foremost, we have to focus on the strength and competitiveness of the dollar first. We have a situation in the world where while the dollar is the reserve currency, there are lots and lots of places in the world that don’t want the dollar to be that currency. So first we need full reserve digital dollars, like stablecoins to become a mass export product of the United States and if there’s going to be a major currency of the internet, make sure it...