Circle CEO Jeremy Allaire Says JPMorgan and Traditional Finance Threatened by Idea of Full Reserve Banking

Circle CEO Jeremy Allaire Says JPMorgan and Traditional Finance Threatened by Idea of Full Reserve Banking


The Daily Hodl
2022-10-10 19:00:36

The chief executive of the company behind USD Coin (USDC) says that traditional financial institutions are feeling vulnerable to the idea of full-reserve banking systems. In a new discussion with Shark Tank investor Kevin O’Leary, Circle CEO Jeremy Allaire says that blockchain is much more efficient than the systems used by banks to move and […]The post Circle CEO Jeremy Allaire Says JPMorgan and Traditional Finance Threatened by Idea of Full Reserve Banking appeared first on The Daily Hodl.