In this episode on Empire Jason is joined by returning guest Jeremy Allaire. Jeremy is the CEO & Co-Founder of Circle the financial technology firm that enables access to the Stablecoin USDC. As USDC recently surpassed $40 Billion in circulation, we invited Jeremy back to discuss how USDC was created, how Stablecoins are a $120 trillion market, how crypto compares to the growth of the internet, DAOs & Jeremy’s outlook for crypto.
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Timestamps:
00:00・Introduction
01:25・How USDC was created
13:13・Centralization vs Decentralization for Stabelcoins?
18:23・How USDC is being used
23:55・When will lending become more like commercial finance?
26:38・Undercollatoralized loans with USDC
32:09・Why USDC chose Solana
36:00・Lyn Alden’s piece on Proof of Stake & Stablecoins
38:53・Expectations vs reality in crypto
43:28・Avalanche Ad
44:34・Paraswap Ad
47:32・Jeremy’s outlook for crypto
51:23・DAOs
54:41・Advice for people in crypto?
57:33・When will USDC hit $1 Trillion
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When accounting for thr cost of using USDC you have to include the interest a USDC holder forgoes on their dollars compared to someone holding US dollar deposits directly. That interest subsidizes the USDC payment system over and above the network fees one has to pay to transact on the relevant blockchain you are moving your USDC on (i.e. ethereum, solana etc).
A real pleasure thanks to all three of you very much. The USDC saved more than all my money but made difference in turning my life in the right direction, if you get what I'm saying.
What if i wanted to share an idea of a side hustle that'll earn you some extra cash from the convinence of your smartphone with out interfering with your present occupation. Would you be interested*
<<There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of lifeThat being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Leon Calvin program, a pro trader who runs a training program for investors/ newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks.<You can reach him on TE LE GRAM >>>> @LeonCalvintrade.
Jeremy was a rock star in DC this week. Represented our industry well. Reinforced my convictions. Cheers.
<I love the grounded reality of this channel.. TA is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This is the worst possible time in history to invest as so many don't back up their crypto assets.More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 10.8btc 4rm day tradng with Ronald Cung, insights and signals in less than 4 weeks, He's very accurate and always yields a great positive return on investment..