Global payments and treasury infrastructure firm Circle has named Dante Disparte its first chief strategy officer and head of global policy, the company announced in a Monday (April 12) press release.
In the newly created position, Disparte, a former founding executive of the Diem Association, will lead Circle’s global policy initiatives and serve on the executive team.
“Disparte will be spearheading a global public policy agenda that advances Circle’s commitment to building a more open and inclusive global financial system with public blockchain technology and cryptocurrencies,” according to the release.
“As Circle embarks on an ambitious global expansion effort, and as stablecoins, digital assets and public blockchains become critical global infrastructure, Dante will help drive global strategy for Circle,” said Jeremy Allaire, CEO and co-founder of Circle. “He will manage and lead our global initiatives to help shape policy and engage and collaborate with industry and public sector leaders around the world.”
Among Circle’s projects is USDC, the digital dollar currency it pioneered with Coinbase, to be used in “digital wallets, exchanges, DeFi protocols, NFTs and savings, lending and payments services,” and “a major driver of growth at the company.”
In an interview last month with PYMNTS’ Karen Webster, Allaire said there are a number of trends aligning to bring stablecoins into the mainstream. The Office of the Comptroller of the Currency ruled that banks can use stablecoins in transactions. Around the same time, Circle issued $700 million in additional USDC.
Circle announced late last month a complete payments solution designed to let NFT (non-fungible token) marketplaces and storefronts accept credit card and crypto payments in the hope of drawing in a larger audience.
The company has also said it will unveil new features to support USD Coin, bitcoin and Ethereum payments, NFT custodial services and yield-generating Circle accounts for NFT market operators.
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