The World Economic Forum's annual meeting in Davos represents a unique agenda-setting and reputation-building opportunity with government delegations, heads of industry, NGOs and media. This month, we used the WEF platform to reset the crypto narrative with an emphasis on inclusive growth, sustainability and use cases rooted in the utility value of USDC and blockchain technology.
“Our work last week showed that Circle is not merely surviving the crypto winter – we're building next-gen payments technology and market infrastructure that solve real-world problems, strengthen businesses and empower millions globally," said Josh Hawkins, SVP of Strategic Positioning and Global Thought Leadership.
This acceleration of utility value is an inescapable conclusion of Circle’s inaugural USDC State of the Economy report. “Across nearly every metric and trend, the USDC Economy is growing, healthy and on its way to being a major force in facilitating economic activity at internet scale – reaching people and markets that would not be possible if to be banked depends on fixed infrastructure or financial walled gardens,” Jeremy Allaire wrote in the report’s foreword.
To illustrate these trends, Circle hosted over a dozen conversations with industry and government leaders. We explained why USDC is a dollar with superpowers; traced the evolution of money; outlined regulatory approaches that promote responsible innovation and protect consumers; and showcased Circle’s social impact, rooted in our conviction that the future of money should include everyone.
We hope WEF 23 will be regarded as an inflection point for the industry, the moment we broke decisively away from speculative value and leaned into utility value. Because, for all the ecosystem’s failures in 2022, “cryptography and blockchains will continue to be integral parts of the modern economic toolkit,” notes Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy.
For Circle, Davos was more than a conference. It was an opportunity to set a hopeful tone – and an ambitious agenda for the year. While we create momentum in 2023 for real-world use cases of moving money at internet speed and scale, we never lose sight of our mission to raise global economic prosperity through the frictionless exchange of value.
