Company
Date Published
Author
Team Circle
Word count
1659
Language
English
Hacker News points
None

Summary

Jeremy Allaire, Co-founder, Chairman, and CEO of Circle Internet Financial, addressed the U.S. Congress to emphasize the critical juncture in developing the internet's next major infrastructure layer, which integrates value exchange and economic coordination. He advocated for the U.S. to promote the dollar as the primary internet currency, enhancing national economic competitiveness and financial inclusion. With Circle's USD Coin (USDC) as a key player, Allaire highlighted the stablecoin's role in fast, secure, and low-cost transactions, urging for robust national regulatory frameworks. Circle is committed to financial innovation, inclusivity, and regulatory compliance, aiming for a national banking charter and supporting initiatives like Circle Impact to enhance financial literacy and diversity.