Chuck Kimble Bids Farewell to Circle, Taking on a New Role with Celo Blockchain Startup
Chuck Kimble has been the head of partnerships for Circle since he joined the company in June last year. However, after some personal deliberation, he has chosen to go a different direction, choosing to work a similar position for Celo. Celo is also a blockchain startup, like Circle, and the new position that Kimble is fulfilling is fairly similar to his former role.
In a press release, the company said that the addition of Kimble will help them
“to bring better financial products to emerging markets and under-served populations around the world.”
The founder of Celo, Rene Reinsberg, added to that comment, saying,
“Chuck brings a ton of business development and digital payments experience to Celo and he’ll play an instrumental role in encouraging the development and scaling of products globally. Chuck is highly respected in the financial tech industry and he understands how digital payment services can help people and families with no access to financial services.”
During Kimble’s time with Circle, he was in charge of leading the development and promotion of USDC, a stablecoin. He was a part of a Circle-created consortium called Centre.io, in collaboration with Coinbase, helping to promote USDC. Along with its position as a stablecoin, USDC runs on the Ethereum blockchain as an ERC-20 token.
The chief financial officer of Circle, Naeem Ishaq, said,
“Chuck joined Circle to lead our [financial institutions] partnerships efforts and participate in a variety of projects, including work on the adoption of USDC. In his brief time with the company, he helped to drive USDC adoption across a diverse cross-section of the crypto industry.”
With this work, USDC’s market capitalization makes it the second-largest stablecoin in existence. It ranks as #19 of all cryptocurrencies around the world.
Kimble preceded his time at Circle with three years at a password manager and digital wallet app company called Dashlane. He also worked on the Square staff and was in charge of supervising teams in four different locations, including Singapore and London.
In the Celo press release, Kimble added,
“I’ve spent the vast majority of my career advancing digital payments and I see tremendous opportunity for Celo to improve the livelihood of billions of people around the world who today are involuntarily detached from the global financial system.”
Celo also recently welcomed Brynly Llyr from Ripple to their team in September. The company has been the subject of interest for multiple investors, including Coinbase Ventures, Andreessen Horowitz, and Polychain Capital, along with founder Jack Dorsey of Square.