There's a lot of conversation going on around the world, a lot of chatter, about the potential of the U.S. losing its position as the global reserve currency.

What can the United States do about it? And that's where Stablecoins come in.

Jeremy Alara is here. He's the co-founder and CEO of Circle.

We think that the world needs a full reserve banking system.

We think that the world needs much safer base layer money.

And that's what stable coins represent.

When you deposit, say, a million dollars into a bank, what happens?

They're borrowing a dollar from you, and then they're permitted to lend it out 12 times.

That's insane.

That's what fractional reserve banking is. One of the motivations for

starting circle was, okay, is there a way to have a full reserve payment system money separated from

lending money? We could construct that on the internet, actually. And in fact, it's totally necessary

on the internet. Money's about to go from static to supercharged. You've talked to lots of central bankers.

Are they even aware about what's coming?

The really smart people are like, oh my God.

Now that's the moonshot, ladies and gentlemen.

Everybody, welcome to moonshots.

I'm here with my moonshot mates, Salim Ismail and and Imad Mustak. I'm Peter Diamandis.

And today, a special guest, a new friend, someone I hope to have in my life for many decades to come,

Jeremy Allaire. He's best known as the co-founder, chairman, and CEO of Circle, the company behind

the stable coin USDC. By the numbers, USDC has market cap of

$76 billion, over 90% year-on-year growth.

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