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Benzinga
Benzinga
Business
Shiv Juneja

Circle CEO Jeremy Allaire Addresses Paranoia Regarding USDC, Rumors Of Collapse

Jeremy Allaire Circle United States Crypto fintech

Jeremy Allaire, co-founder and CEO of global fintech firm Circle, refuted rumors of a potential USDC (CRYPTO: USDC) collapse.

What Happened: Following the recent crypto market crash, Allaire addressed the USDC’s potential de-peg in a series of tweets on July 2. It is "understandable why some users would be paranoid," he said, adding that there are necessary safeguards to prevent any de-peg for USDC.

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