Jeremy Allaire
-
The Need to Protect Encrypted Assets from Traditional Banking Failures
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 Jeremy Allaire’s view that traditional banking systems need to be protected from encrypted assets is no longer valid.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:In a recent interview with Bloomberg, Jeremy Allaire, co-founder and CEO of Circle, discussed the impact of the recent turmoil in the banking industry on cryptocurrencies, specifically on the USD Coin. Allaire expressed his belief that the traditional view that banking systems need to be protected from encrypted assets is no longer valid. Instead, he argued that recent developments have shown that…
