{"id":176290,"date":"2025-12-05T09:36:18","date_gmt":"2025-12-05T09:36:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/176290\/"},"modified":"2025-12-05T09:36:18","modified_gmt":"2025-12-05T09:36:18","slug":"circles-jeremy-allaire-were-building-an-economic-os-for-the-ai-era","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/176290\/","title":{"rendered":"Circle\u2019s Jeremy Allaire: We\u2019re Building an \u2018Economic OS\u2019 for the AI Era"},"content":{"rendered":"<p>The global economy is about to undergo a major shift\u2014and it\u2019s going to be centered around <a href=\"https:\/\/www.wired.com\/tag\/cryptocurrency\/\" rel=\"nofollow noopener\" target=\"_blank\">cryptocurrency<\/a>, according to Jeremy Allaire, cofounder and CEO of Circle, a software company that built one of the world\u2019s top stablecoins. To facilitate this transition, Circle is creating what Allaire calls an \u201ceconomic OS for the internet.\u201d<\/p>\n<p class=\"paywall\">\u201cBasically, there are new operating system paradigms that emerge all the time. The web is one, mobile is one, cloud is another, AI is another OS paradigm,\u201d Allaire told WIRED\u2019s editor at large, Steven Levy, onstage at the Big Interview event in San Francisco on Thursday. \u201cAnd these blockchain networks are economic OS paradigms, at least what we&#8217;re doing.\u201d<\/p>\n<p class=\"paywall\">Circle is best known for USDC, the second-largest stablecoin by market capitalization, which is currently worth around $78 billion. Unlike most cryptocurrencies, including bitcoin, stablecoins are designed to have limited price fluctuations. USDC is backed by the US dollar, meaning if you own one USDC, you can exchange it for $1. Allaire touted USDC and stablecoins broadly as a better, faster way to transfer money across borders, and an attractive option for people who live in countries with less stable currencies than the US dollar.<\/p>\n<p class=\"paywall\">But according to Allaire, stablecoins are just the beginning. The next evolution in the cryptocurrency space, he said, is \u201cmoney as an app platform,\u201d on which a new, digital-only economy will grow.<\/p>\n<p class=\"paywall\">Circle\u2019s vision for an \u201ceconomic OS\u201d is <a data-offer-url=\"https:\/\/www.arc.network\/\" class=\"external-link\" data-event-click=\"{&quot;element&quot;:&quot;ExternalLink&quot;,&quot;outgoingURL&quot;:&quot;https:\/\/www.arc.network\/&quot;}\" href=\"https:\/\/www.arc.network\/\" rel=\"nofollow noopener\" target=\"_blank\">Arc<\/a>, what the company describes as a \u201ctrusted, neutral\u201d platform that aims to be critical infrastructure for the entire swath of blockchain-based technologies and, thus, the \u201cfoundation\u201d of a \u201cnew internet financial system.\u201d According to Allaire, the transition to this new economic system \u201cis going to be a huge part of what unfolds for the internet over the next five to 10 years.\u201d<\/p>\n<p><img decoding=\"async\" alt=\"Jeremy Allaire attends the WIRED Big Interview Event.\" loading=\"lazy\" class=\"ResponsiveImageContainer-eNxvmU cfBbTk responsive-image__image\"   src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/Jeremy-Allaire-Big-Interview-2025-6.jpg\"\/><\/p>\n<p>Photograph: Annie Noelker<\/p>\n","protected":false},"excerpt":{"rendered":"The global economy is about to undergo a major shift\u2014and it\u2019s going to be centered around cryptocurrency, according&hellip;\n","protected":false},"author":2,"featured_media":176291,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,9104,61,60,1087,80,96124],"class_list":{"0":"post-176290","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-cryptocurrency","12":"tag-ie","13":"tag-ireland","14":"tag-money","15":"tag-technology","16":"tag-the-big-interview-event"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/176290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=176290"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/176290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/176291"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=176290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=176290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=176290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}