The recently released tenth episode of Chainlink’s “The Future Is On” spotlight series features Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, who shared Circle’s digital asset strategy and elaborated on how interoperability standards can democratize the world’s value.
Circle, a 10-year-old global financial technology company, is the issuer of USD-denominated USDC, the world’s largest regulated stablecoin, as well as the Euro-denominated stablecoin, EURC. Earlier this year, Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the industry standard for blockchain interoperability, integrated Circle’s Cross-Chain Transfer Protocol (CCTP) to support the secure and reliable transfer of USDC between blockchains.
“Circle’s vision and strategy is informed by raising global economic prosperity through the frictionless exchange of value,” Disparte explained. “We achieve this by being not only a regulated company in the digital currency arena, but by also ensuring wide interoperability of our products and services across the blockchain ecosystem.”
As such, Circle has issued USDC across 16 public blockchains.
“That’s in line with our mission, but it’s also in line with this idea of a developer-first ecosystem that will help promote a whole host of use cases that don’t exist yet,” Disparte explained.
“USDC ends up becoming the common denominator across all of the chains. It has the same fundamental safety and soundness, regulation, liquidity, and trust, but also interoperability into the real economy. So if someone wants to use USDC on the Visa network, it’s accepted wherever Visa logos appear throughout the world.”
Having previously written about blockchain’s ability to change the world as background technology, Disparte said interacting with the traditional financial system is essential to achieving mainstream adoption.
“Like the internet itself, when it becomes a background activity and a background technology, that’s when you know you have reached world scale. We think we’re very close.”
He underscored the significance of Circle’s work with Chainlink.
“Not only has Chainlink as a company integrated CCTP, our cross-chain transfer protocol, but it’s also an organization that has helped improve both the safety, the soundness, and a lot of the integrity that all of the end users in the crypto asset ecosystem rely on. Chainlink is very much at the center of all of those types of services.”
In the long run, Disparte believes working with partners like Chainlink advances Circle’s goal of cultivating financial empowerment worldwide.
“Blockchain infrastructure allows us, for the very first time, to re-envision what the internet is supposed to be and to get to a point in time where ultimately this becomes digital commons, where everyone, everywhere can participate,” he said. “I think it’s a very unique mission and it’s one of the reasons I get out of bed in the morning.”
Watch the tenth episode of “The Future Is On” featuring Circle’s Dante Disparte.