Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the group sits down with Circle CEO Jeremy Allaire to discuss how the USDC stablecoin issuer responded to the banking crisis that started at the end of 2022, what PayPal’s new stablecoin offering means for Circle and the rest of the industry, and whether central bank digital currencies (CBDCs) represent real competition for stablecoins. 

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights: 

how the collapse of FTX and other companies led to a de-banking crisis for the industry

what the Circle Reserve Fund is

how the banking crisis in early 2023 caused a "flight from safety"

how regulatory clarity has improved in the aftermath of the banking crisis

why Jeremy actually hopes PayPal's recently launched PYUSD is successful

why Tarun believes Central Bank Digital Currencies (CBDCs) are one of the most "boring concepts" within the industry

whether CBDCs pose a threat to businesses that issue stablecoins such as Circle

Whether the status quo on stablecoins in the U.S. of knowing-your-customer on redemption and minting, but not on holding, is likely to continue. 


Hosts:


Haseeb Qureshi, managing partner at Dragonfly 


Robert Leshner, founder of Compound


Tarun Chitra, managing partner at Robot Ventures

Guest:

Jeremy Allaire, CEO of Circle
Disclosures
Links

The Chopping Block: Was Crypto Just Debanked?

Will PayPal's PYUSD Steal Market Share From Tether and Circle?

The Fall of SVB: What Happened and How It Affects Crypto


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