The Centre hopes to sustain the growth momentum by bringing on new staff and opening up the Consortium to eligible organizations.
After nine months of joining the Centre Consortium, Circle CEO has announced new team members. The consortium was established by Circle and Coinbase to provide standards governance for USD Coin (USDC). The governance has created a reliable operational framework for the development of a fiat-based stable coin. Consequently, USDC has become the world’s fastest-growing digital dollar.
With more than $27 billion USDC in circulation, and support for up to $900 billion on-chain transactions, the principles of transparency and integrity espoused by the company have helped push growth.
Puth was appointed CEO of Centre in December 2020 alongside Sean Neville, co-founder of Circle who joined as a strategic advisor. Within that time frame, USDC has grown from just $3 billion in circulation to more than $27 billion. Jeremy Allaire, co-founder and CEO of Circle Consortium noted that “The growth of USDC and the opportunity for Centre to play a larger role in changing the global financial landscape is truly extraordinary.”
The consortium on Monday, 30th August 2021 announced new additions to the team. The Centre hopes to sustain the growth momentum by bringing on new staff, and opening up the Consortium to eligible organizations. According to a statement by David Puth, “We assembled this team to ensure we have the right balance of talent to allow us to drive significant growth while maintaining the highest standards of integrity, compliance and trust.”
Co-founder Jeremy Allaire expressed similar opinions. He believes that “the addition of new, experienced leaders at Centre will help support continued USDC adoption and trust in the marketplace, while harmonizing governance and our open technology roadmap.”
On his part, Puth occupied different leadership roles in his 19 years stint at JPMorgan with oversight of the bank’s interest rate derivatives, FX, commodities, and emerging markets businesses. He also served on the JPMorgan Chase Executive Committee and the Investment Bank Management Committee. Following this, he went on to lead CLS, the largest multi-currency cash settlement system in the world.
The new team members are also vastly experienced. For example, John Shipman will now act as Chief Commercial Officer. He joins from his role as a Partner at PwC, bringing great experience and talent from the digital asset and financial services industries, including Circle, Fenwick & West, and Clearfield. Others and their service roles on the Centre consortium team are:
- Mark duBose, Chief Risk and Compliance Officer
- Beth Zolkind, Chief Financial Officer
- Chad Richman, Senior Counsel
- Jessica Gardner, Business Operations Manager
- Kevin Mills, Graduate Project Manager
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