Centre Hires 2 Executives to Oversee Regulation, Operations

The technology consortium behind the second-biggest stablecoin has hired two new executives to oversee policy and operations.

Centre, the consortium founded by Circle and Coinbase in 2018 to govern USD coin (USDC), announced Tuesday that Linda Jeng, a current Georgetown law professor and former regulator with the U.S. Securities and Exchange Commission (SEC), would be joining as Centre’s chief policy and regulatory officer.

Danielle Harold, former executive at the now-defunct Diem Association, will join Centre as chief operating officer (COO).

As the global stablecoin market continues to grow and attract the attention of lawmakers, Centre has taken steps – including becoming increasingly transparent about USDC’s backing – to stay in regulators’ good graces.

“I am thrilled to welcome executives of this caliber to our team,” said David Puth, CEO of Centre, said in a press statement. “Both Linda and Danielle bring an abundance of experience that will guide our organization as we create standards for the burgeoning blockchain space.”

USDC has a market cap of over $50 billion.

UPDATE: (April 13, 17:10 UTC): Headline and opening paragraph changed to reflect that Circle, not Centre, is the sole issuer of USDC.