USDC

…So we support usdc, USDT and more recently usdg And USDG is probably the most similar to the recently announced ousd, uh, where it is a consortium of uh, of, of different brands and companies coming together to, to back and support it.…

…Others are catching up, but I think for like, you know, almost two years, Slash was the only business banking platform in the US that let businesses send and receive USDC and USDT natively from their business banking platform.…

…00:08:11 Adams Conrad Notably, this is USDC and USDT - Circle having USDC and Tether having USDT.…

…And so I know the work that you do and the work that Circle is also doing with usdc, uh, on the platform, uh, is important and we'll come back to that in a little bit.…

…peaker B: Well, that's what they do basically is the USDC stablecoin.…

…USDC BUSD as 2.5, would you say?…

…So USDC and USDT and the first stables.…

…We certainly see that as circle with usdc, just like, you know, with like partnerships with like you guys and so many others around the world.…

…They first took the hit with um, you know this, this situation with Coinbase and Circle has always been very complex and even the hyper liquid USDC ended up being more of a Coinbase deal where they kind of ended up being the issuer into all that USDC and capturing a lot of the economics and it seems to be a continuation of their strange bed partners.…

…peaker B: We all know of Circle as the Stablecoin company, the issuer of usdc.…

…I mean, look, one thing for us has been from the moment we launched USDC and launched this company, we have had a commitment to promoting this idea of a race to the top.…

…Then we also have USDC being integrated into payment flows like with Shopify.…

…You can have algorithmic stable coins, but some of the bigger uh, and more established stable coins like USDC and USDT set up by circle and tether.…

…basically thinking this is crazy or is there other people around that actually think the system is broken? So we started working with a lot of defi protocols and we were like, hey, why are you using USDC way more than you're using usdt?…

…And uh we continue to grow USDC held on Coinbase, which reached an all-time high of $19 billion.…

…Um, and then from the receiver's side of the equation they re, they get optionality, they can receive in either usdc, which is like a stable coin, so US dollar, um, they can receive in a yield bearing account where their money just makes money for them or they could receive in local currency.…

…So um, I think it's important to bear in mind that it's possible to send payments through um stablecoins or similar types of assets where uh, you know, popular ones are USDC or usdt.…

…which is liquid permissions composable, the difference is astounding, right? Look at uh, the stablecoin, which is liquid, permissionless and composable, you know, look at Tether, right? Look at usdc, look at Athena even, right?…

…This newfound confidence means CFOs can consider holding stablecoins like USDC for near instant low cost cross border transfers without the specter of a compliance backlash as uh long as they maintain robust controls.…