Adeep Chattery

Adeep Chattery asked about the most imminent use cases for USDC beyond crypto trading, specifically inquiring about payments and capital markets. He sought near-term visibility on non-crypto activity taking off and the impact of the Genius Act on these developments.

Answer

CEO Jeremy Allaire clarified that Circle is not agnostic to use cases, identifying cross-border and international payments as a significant and ongoing growth driver, leading to the development of CPN. He also highlighted the growing demand from large enterprises for internal treasury management and the increasing embrace of stablecoins by traditional financial markets (e.g., clearinghouses, derivatives exchanges) for collateral and settlement. Allaire underscored the Genius Act's significance in unlocking major institutions' willingness to adopt this technology, driving institutional access and demand globally.

Adeep Chattery asked about the most imminent use cases for USDC beyond crypto trading, and the near-term visibility for non-crypto activity taking off, given Circle's focus on distribution.

Answer

Jeremy Allaire, Co-Founder, CEO, and Chairman, clarified that Circle is not agnostic to use cases, viewing stablecoin as a general-purpose form of money. He highlighted significant growth in cross-border and international payments, leading to the development of CPN, and increasing interest from large enterprises for internal treasury management. Mr. Allaire also pointed to the growing demand for digital dollars as a store of value, driven by the Genius Act, and the increasing embrace of stablecoins by traditional financial markets for collateral and settlement, with many tokenized investment products using USDC as their primary cash leg.