* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Is crypto better or worse since its collapse? Here’s what CEOs at Davos said

Date:

Share post:

While business leaders showed cautious optimism at this year’s World Economic Forum (WEF) in Davos, Switzerland, the same sentiment wasn’t felt for crypto.

Compared to before, the once buzzy area of finance had a much smaller presence.

As our Jennifer Schonberger put it, “gone were the crypto houses every ten feet, bitcoin-themed pizza stalls and advertising from previous years.”

“I think regulated transparent infrastructure like ours is well-suited for this environment,” Jeremy Allaire, Circle co-founder and CEO which issues the stablecoin USDC told Yahoo Finance.

Circle, one of the few crypto firms present for the week, did offer some optimism. Though not regulated as a bank and having shuttered plans to go public via SPAC last year, Circle is still aiming to be a public company at some point in the future, Allaire said.

In the meantime, it represents 31% of crypto’s $136 billion stablecoin market, which many consider being essential to the industry’s less speculative future.

As Allaire told us, Circle carries a money transmitter license in almost every state. Its…

Read more…

Related articles

VeChain based NFT blockchain MMORPG launches whitepaper in trillion-$-market

VeChain-backed gaming metaverse ExoWorlds has launched its Whitepaper. The protocol aims to bolster user experience...

ChromaWay and the Inter-American Development Bank Collaborate to Improve Property Registration using the Chromia Blockchain

Stockholm, Sweden, 1st February, 2023, Chainwire According to a recent report published by the IADB,...

Fintech Engage People to Enable bp Customers to Pay with their Reward Points at the Pump

Engage People, which claims to be the only loyalty network that enables program members to pay with points...

Letter: Argentina and Brazil should heed fate of the Bolivarian ‘sucre’

The idea that Brazil and Argentina would benefit from a common single currency to replace their respective legal...