About Jeremy Allaire

Jeremy Allaire is Co-Founder, Chairman and CEO of Circle, a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments and commerce. Founded in 2013, Circle is the pioneer of USD Coin (USDC), the fastest growing, fully-reserved, and regulated dollar digital currency. USDC has grown 100x over the past two years, from a market cap of just over $400 million to more than $40 billion in circulation today. Previously, Mr. Allaire co-founded and led multiple global internet technology companies with thousands of employees, hundreds of millions of consumers served, and multiple successful public offerings on NASDAQ. Jeremy Allaire has provided expert testimony on digital assets and monetary policy before the US Senate Committee on Homeland Security & Government Affairs, US Senate Banking Committee, and he has been named to the International Monetary Fund (IMF) High-Level Advisory Group on FinTech. Mr. Allaire provides perspective and policy recommendations at the highest levels inside financial bodies across the US, UK, and Europe. In October 2013, Jeremy Allaire  launched Circle, a digital currency company that aims to bring digital money like Bitcoin to the mainstream, with $9 million in Series A funding from Jim Breyer, Accel Partners, and General Catalyst Partners. Circle closed an additional $17 million Series B in March 2014 in a round led by Breyer Capital, Accel Partners, General Catalyst, and Oak Investment Partners.The company simultaneously announced the release of its product to a limited audience. Allaire has said of Circle and Bitcoin, "We want to make this as easy to use as Gmail, Skype, and other consumer services on the Internet today".The company has received over $135 million in venture capital from four rounds of investments from 2013 to 2016, including $50 million led by Goldman Sachs. In July 2021, Jeremy Allaire announced that Circle would go public in a $4.5 billion SPAC merger. But Allaire and his planned SPAC partner, the CEO of Concord Acquisition Corp Bob Diamond, called off the merger for reasons concerning recent market conditions and current events and agreed to the termination of the July 2021 intended SPACoff.