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

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  • 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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    In This Story: Bitcoin

    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.

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