Bloomberg’s Odd Lots podcast episode features Circle co‑founder and CEO Jeremy Allaire explaining how the company’s **USDC stablecoin business has evolved into a payment and financial infrastructure business built on public blockchains**. Allaire outlines how USDC, a dollar‑referenced stablecoin issued by Circle, is increasingly used not just for trading in crypto markets but for payments, remittances, treasury, and settlement across a growing network of exchanges, fintechs, wallets, and financial institutions. He emphasizes that blockchains function as always‑on, global payment rails, allowing USDC to move instantly and at low cost compared with legacy correspondent banking systems. In the discussion, Allaire connects **USDC’s revenue model and profit margins** to interest income on the high‑quality reserves backing the stablecoin and to the growing volume of transactions conducted over blockchain networks. He frames Circle’s strategy as building a regulated, infrastructure‑grade platform for digital dollars, including a payments and cross‑border remittance network for banks, fintechs, payment processors, and remittance providers, announced in 2025 as part of USDC’s expansion. The episode also situates Circle and USDC within the broader policy and regulatory debate over stablecoins, including the push for clear U.S. rules to ensure safety, competitiveness, and wider adoption of blockchain‑based payment systems as digital commerce becomes increasingly global and real‑time.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Stability and inclusivity of stablecoins: A conversation with Circle ... (brookings.edu)
• Jeremy Allaire - Wikipedia (en.wikipedia.org)
• Jeremy Allaire | Circle CEO (circle.com)
• The Money Movement with Jeremy Allaire - Circle (circle.com)