Circle Internet Group Inc. (NYSE:CRCL) CEO Jeremy Allaire said Wednesday that the company’s flagship USDC (CRYPTO: USDC) stablecoin has facilitated settlements “at the speed of the Internet” on prediction markets
USDC Helps People Move Quickly, Says CEO
During Circle’s fourth-quarter earnings call, Allaire was asked about the company’s collaboration with platforms like Polymarket.
“What something like USDC does, and our infrastructure does for prediction markets like Polymarket, is that people want to be able to move quickly,” the CEO responded.
Allaire pointed out that prediction markets are driven by information, and stablecoins give end users and participants the ability to offer collateral and settle transactions at the “speed of the Internet.”
He added that bets can be executed from various wallets and from anywhere …