26/30 Collectively, as society, we can decide to take risks and know that there are unknowns, that the structure of how money works might not resemble the way it has for the past 50 years or 75 years.
27/30 We should be excited and inspired about imagining something better, and take inspiration from what we’ve collectively achieved with software and the internet over the past 25 years.
28/30 If all we did is worry about and stop and try and address every conceivable risk before doing something, we’d never do anything truly great. I hope governments and policy makers are listening. Hey @joebiden !!!
29/30 To the industry, technologists and academics, please fight and fight hard for preserving open, permissionless and decentralized economic infrastructure.
30/30 USDC To The Moon! media.giphy.com/media/JmUd8L6S…

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More from @jerallaire

9 Dec
1/15 Circle is announcing and launching a major new wave of upgrades to our payments and treasury infrastructure for the internet. If you’re curious about what we’ve been up to, read the blog and this tweet thread. circle.com/blog/circle-la…
2/15 We’re executing on the vision that digital currency becomes the core of storing and managing money and facilitating transactions. Lots of firms are talking about “embedded finance”, “banking as a service”, “treasury as a service”, we’re doing it digital currency native.
3/15 It starts with a Circle Account. Connect, convert, store and use stablecoins -- store them securely, make payments with them, convert in and out of existing banks, generate yield. This is a free service for any sized company. circle.com/en/circle-acco…
Read 15 tweets
9 Dec
1/30 Just this week, $USDC crossed over 3 Billion in circulation, and has handled over 230B in on-chain transactions. We *are just getting started*! Here’s how we got here, and here’s the path to 1 Trillion USDC in circulation. medium.com/centre-blog/us…
2/30 USDC was launched to be a standard that the industry could build on, so @circlepay and @coinbase created Centre Consortium (@centre_io), and built the first governance arrangement for fiat digital currency. centre.io
3/30 The vision was broad -- connect every person, every merchant, and every financial service in the world over open internet protocols and blockchains -- but we started with a clear focus: build a safe, transparent, compliant and ALWAYS redeemable at $1 digital currency.
Read 25 tweets
8 Dec
1/10 A lot of important messages conveyed in today’s interview on @squawkCNBC with @andrewrsorkin -- regulatory heat, Biden and #crypto optimism, $USDC vs CBDC, way too much to discuss in 7 minutes...
2/10 What’s the political climate in DC for crypto going into a Biden administration? It’s a mixed bag, on the left and right, but we believe that the Biden admin is going to end up being very big and very constructive on blockchain, crypto and digital currency.
3/10 Biden Administration is focused on infrastructure and increased American economic competitiveness, and blockchain and digital currency are to play a massive role just like earlier commercialisation of the internet in the 90s.
Read 10 tweets
6 Dec
1/14 The rise of crypto has brought policy and regulatory issues to the forefront and are going to become massively important very quickly. The departing administration and the incoming Democratic forces are both eager to leave their mark.
2/14 The stakes are very high for society and the economy; the far-left wants to paint crypto as an anti-big tech and consumer protection issue, the far-right wants to paint crypto as a national security threat; the libertarians and moderates see the human economic potential.
3/14 Big banks want to limit it, tech entrepreneurs and silicon valley want to foster the innovation and disruption it heralds for the world.
Read 14 tweets
2 Dec
1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry.
2/8 Our industry is delivering solutions that materially improve the speed, accessibility and cost efficiency of payments and banking in the US, and around the world.
3/8 Any act of Congress in this sphere should be focused on embracing, investing in and supporting the incredible pace of open innovation that is happening with stablecoins and blockchain infrastructure.
Read 8 tweets
21 Oct
1/8 Super stoked to announce the launch and immediate availability of USDC for Solana (@solana). This is part of our continued commitment to driving the growth and adoption of USDC as a broadly adopted standard for digital dollars on the internet. circle.com/blog/circle-so…
2/8 We’ve been incredibly impressed with what Solana has been able to accomplish in a short period of time, and for users in the market, you can now transact USDC in 400ms at a fraction of a cent. Solana has been designed for web-scale usage on-chain. gph.is/22ag0N7
3/8 As part of this we’ve announced a partnership with @solana to also integrate Solana into Circle Platform, enabling developers to use our broad suite of APIs. Can’t wait to see what people build! circle.com/en/developers
Read 8 tweets

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