By using USDC, these Venezuelans can spend in dollars, which are currently far more stable than Venezuelas native bolivar, the bolivar has seen 2,358.5% inflation in 2020 alone.

Jeremy Allaire

Jeremy D. Allaire (born 13 May 1971) is an American-born technologist and Internet entrepreneur. He is currently CEO and founder of the digital currency company Circle and Chairman of the Board of Brightcove. With his brother JJ Allaire, he co-founded Allaire Corporation in 1995. Allaire Corp. had a successful IPO in January 1999 and was subsequently acquired by rival Macromedia in 2001. Allaire served as CTO of Macromedia following the acquisition and helped develop the Macromedia MX platform (a suite of software tools and servers aimed at enabling rich applications delivered using Flash Player). Allaire left Macromedia in February 2003 to join venture capital firm General Catalyst Partners as a technologist and executive-in-residence. In 2004, Allaire founded Brightcove, an online video platform used by many top media and marketing organizations worldwide. After a successful IPO in early 2012, Allaire stepped down as Brightcove CEO in 2013 and currently serves as Chairman of the Board. In October 2013, Allaire announced the launch of Circle, an Internet-based consumer finance company that aims to bring the power and benefits of digital money, such as Bitcoin, to mainstream consumers.

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