Global FinTech startup and stablecoin issuer Circle has named former AI and Fintech Counsel for the U.S. House Financial Services Committee Devron Brown to serve as its senior director for global policy, according to a tweet by Circle Chief of Strategy Dante Disparte.
Operator of the stablecoin USDC, Circle also runs the subsidiary crypto exchange Poloniex and equity crowdfunding platform SeedInvest. Circle’s USD coin is now backed by cash and short-term U.S. Treasuries. As of Sept. 28, there were 31.2 billion in circulation, according to its website.
As U.S. House FinTech Counsel, Brown advised committee members on emerging technologies and worked to bridge policy, technology and law. He worked with both Democrats and Republicans of the House Financial Services Committee, and also did work with the Financial Technology and Artificial Intelligence Task Forces.
Prior to his position in Washington, D.C., Brown was a Facebook Public Policy Fellow and a senior associate at the PwC Technology Media and Telecommunications Group. He earned his J.D. from The George Washington University Law School and his B.A. from the University of Las Vegas, Nevada.
“USDC now stands at more than 25 billion and has supported about $700 billion in transactions over the past year,” Circle said on its website. “Circle’s transaction and treasury services are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity through the frictionless exchange of financial value.”
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Founded in 2013 and headquartered in Boston, Circle offers businesses worldwide the chance to use digital currencies and public blockchains for payments, commerce and financial applications.