Circle

“The other idea that we were really excited about back then was this idea of programmable money and the idea that eventually these networks Blockchains would become like operating systems, and you could actually have machines that intermediate economic activity…”

“We actually operate the largest tokenized treasury product called USYC, like, US Yield Coin that's grown quite fast as well and we run the largest tokenized euro as well EURC”

“The other piece is that it's sort of designed with real money as the foundation. So there's not like a volatile gas token. USDC is actually the default native token.”

“We have daily transparency on the most of it through a system we set up with BlackRock.”

“It's actually a known validator set, and so the infrastructure operators of AHRQ are major financial infrastructure companies, and so, and those are companies that are held to these very high standards for InfoSec compliance, reliability, availability, et cete…”

“There are tokenized stocks that are out there, and the most active tokenized stock today is not Tesla. It's not the S&P index. It's actually Circle.”

“And so with ARK, which we can come back to, you know, we now have an infrastructure where we can conduct transactions for a millionth of a penny which just was never feasible before.”

“The average duration tends to be of, like, the, of the T-bills and that portfolio tends to be around, like, 13 days, so it's super, super liquid, and kind of, it sort of allows it to be treated as, like, a cash instrument.”

“The formation of these kind of on-chain organizations that have different forms of governance and contracting and a mixture of human and agentic actors, like that seems like we're going to have a lot more of that. We're going to probably have huge proliferatio…”