In a discussion at the CB Insights "Future of Fintech" conference, Circle co-founders Jeremy Allaire and Sean Neville explored the evolving landscape of finance, focusing on the impact of crypto, blockchain, and stablecoins. They emphasized the potential of internet-based marketplaces to democratize access to capital and the importance of developing multi-sided marketplaces driven by tokenized securities. Regulatory challenges were highlighted, with Neville noting the complexities of navigating diverse global guidelines and the necessity of collaboration with regulators to ensure safety and innovation. The conversation also addressed the role of stablecoins in creating globally distributed, price-stable tokens that could revolutionize financial services, and the importance of interoperability across different blockchains. Allaire underscored the opportunities for banks in embracing stablecoins to expand their assets under management, while drawing parallels between the early internet's development and the current state of crypto infrastructure. The discussion concluded with an acknowledgment of the need for robust infrastructure to support the burgeoning crypto ecosystem, akin to the foundational technologies that enabled internet giants like Amazon.