Company
Date Published
Author
Team Circle
Word count
392
Language
English
Hacker News points
None

Summary

Jeremy Allaire, CEO of Circle Internet Financial, is advocating for the development of global stablecoins backed by central bank money through public and private partnerships, as he prepares to present his ideas at Davos 2020. He argues that such collaborations will enable the private sector to innovate while ensuring compliance and safety, ultimately helping to reshape the global economic order to create wealth globally. Allaire plans to discuss these concepts at various panels and in a paper titled "Stablecoins, Global Digital Currency and the Future of the International Monetary System," which outlines considerations for policymakers regarding the future of financial systems and digital currencies. Through this initiative, he envisions a more inclusive, stable, and open global economic system that leverages public blockchains and central bank strengths.