Stability and inclusivity of stablecoins: A conversation with Circle CEO Jeremy Allaire
While cryptocurrency has been around for over a decade, it has only gained mainstream popularity recently. Crypto backers see the technology as the way of the future, but its instability leaves others skeptical. As a less volatile alternative to traditional cryptocurrencies, asset-backed stablecoins have joined the market. But as with all new technology, important questions must be resolved before stablecoins could become a more widely accepted part of our financial system.
In this fireside chat with Circle co-founder, chairman, and CEO Jeremy Allaire, we discussed the rise of stablecoins, the state of regulation of stablecoins, and the potential for greater inclusion through new financial technology (fintech). The dialogue cut through much of the hype of cryptocurrency – stablecoins in particular – and dove into the two important and distinct issues surrounding stablecoins: financial stability and inclusion.
This event was part of the Brookings Center on Regulation and Markets’ Series on Financial Markets and Regulation, which looks at financial institutions and markets broadly and explores how regulatory policy affects consumers, businesses, investors, fintech, financial stability, and economic growth.
Viewers submitted questions for speakers by emailing email@example.com or via Twitter using #Stablecoin.
Miriam K. Carliner Chair - Economic Studies
Senior Fellow - Center on Regulation and Markets
Jeremy D. Allaire
Co-Founder, Chairman and CEO - Circle
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