Episdoe 4: Circle, The Trillion Dollar Impact
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Episdoe 4: Circle, The Trillion Dollar Impact
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About this listen
Circle Internet Financial, founded in 2013, drives the digital dollar revolution via its stablecoin, USDC, the second-largest globally. USDC is 1:1 pegged to the US dollar, backed by reserves, enabling fast, cheap global payments. In 2024, it processed $27.6 trillion in transactions, exceeding Visa and Mastercard combined. The U.S. GENIUS Act provides a "regulatory moat" for Circle, whose revenue largely stems from interest on reserves.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.