Jeremy Allaire

According to the report, Jeremy Allaire, the chief executive of Circle, said in the latest interview with CNBC that if the U.S. government did not intervene in Silicon Valley banks, Circle would take “preventive measures”, including using its own corporate balance sheet and external funds, so it was very confident in capital. Fortunately, Circle does not need to do so now. Jeremy Allaire also said that he would not be “angry” about the behavior of Silicon Valley banks, because the main reason for these problems is the rising US dollar interest rate. Circle CEO: I will not feel “angry” with Silicon Valley Bank. The main reason is the rising US dollar interest rate Analysis based on this information:Jeremy Allaire, the chief executive of Circle, recently spoke about the measures his firm would take in case the US government did not intervene in Silicon Valley banks. According to a report by CNBC, Allaire said that Circle would take “preventive measures” to…

According to reports, Jeremy Allaire, co founder and CEO of Circle, recently accepted an interview with Bloomberg. Jeremy Allaire talked about the recent turmoil in the banking industry and its impact on USD Coin. Jeremy Allaire’s view that traditional banking systems need to be protected from encrypted assets is no longer valid. Jeremy Allaire believes that recent developments have proven that the situation has reversed and that its cryptographic entities need to be protected from the impact of traditional bank failures.   Circle co founder: $3.3 billion stranded at SVB will be fully recovered Analysis based on this information:Jeremy Allaire, co-founder and CEO of Circle, recently spoke with Bloomberg about the impact of the banking industry turmoil on USD Coin, a stablecoin backed by the US dollar. He shared his perspective that the traditional banking system can no longer protect itself from encrypted assets and that the tables have turned, calling for greater protection of cryptographic entities from the impact…