Circle CEO Expresses Bullish Cryptocurrency Foresight, A “Tokenization Of Everything” In The Works
Proclaimed as crypto-powered and people-centric, Circle and its respective CEO, Jeremy Allaire are both well-known to the crypto sphere. Since the firm’s existence, the team involved have done everything in their might to stand out within the crypto sphere along with supporting several projects and getting involved in different areas.
As mentioned by CCN, Circle has not only been in support of cryptocurrencies, but have since acquired multiple firms that strengthen the market. An example provided was that of the crypto exchange platform, Poloniex, which many think was done in attempt to take down Binance, which holds one of the top positions as a recognized trading platform.
Another endeavor that has since been supported by over 30 partners is Circle’s Ethereum-based stablecoin dubbed, USDC stable coin which is obviously paired against the American dollar.
Allaire seems to be content at the speed at which Circle is traveling and deems that his firm will one day be part of a world where “tokenization of everything” exists. He further argues that this will hold true for even traditional stocks – describing the process of going from traditional to crypto as gigantic compared to when the Internet was first introduced. As per his quotes, it will “make the web look like a cute experiment.”
What gives Circle competitive edge is the type of firms that have since backed up the firm. In particular, we have Bitmain who supposedly led their most recent funding round and then there’s Goldman Sachs, as per CCN, who have since invested in the firm. Similarly, their acquisition of Poloniex, who has since introduced USDC worldwide is screaming long term success if the team continues in this path.
What do you think? Will Circle be one of the top firms to pave a secure path for the existence of cryptocurrencies? Let us know in the comments below.