Circle CEO Jeremy Allaire on stablecoins, bitcoin’s outlook and more

CNBC Television published this video item, entitled “Circle CEO Jeremy Allaire on stablecoins, bitcoin’s outlook and more” – below is their description.

There’s a new breed of companies centered around stablecoins, which are cryptocurrencies that have values tied to an outside asset like the dollar. Circle recently raised $440 million from investors, which is the largest ever venture captial round of funding for a crypto business. Circle CEO Jeremy Allaire joined “Squawk Box” on Wednesday to discuss.

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Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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In This Story: Stablecoin

Stablecoins are cryptocurrencies where the price is designed to be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

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