Jeremy Allaire’s Circle the Latest to Distance Itself from Facebook’s Libra

Jeremy Allaire’s Circle issued a U.S. dollar-backed stablecoin before stablecoins were cool. Now that Facebook has joined the fray with its Libra coin, which is designed to be backed by a basket of fiat currencies (and maybe other financial instruments), the spotlight on stablecoins has grown brighter. But Allaire, who is testifying in front of …

SOV Assets like Bitcoin will Become Much Larger: Jeremy Allaire

Bitcoin price has lost more than 9 percent of its value in the past 24 hours. But according to Jeremy Allaire, the cryptocurrency is a winner in the long term. The Circle CEO said Thursday during a Reddit AMA that bitcoin would become more significant as a store of value than as a payment and …