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Circle CEO on Why Stablecoins Are Replacing Banks

Jeremy Allaire, co-founder, chairman, and CEO of Circle, said stablecoins are a superior alternative to traditional banking for moving money, offering faster, cheaper, and more direct transactions with fewer intermediaries, as seen in markets like Turkey. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded January 15 at the Economic Club of Washington, DC.

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Bloomberg

China Pivots to Domestic Demand in New Five-Year Plan

As China enters its next five-year planning cycle, Beijing is intensifying efforts to rebalance the economy toward domestic consumption. Bloomberg's Stephen Engle reports on the rise of "destination" outlet malls and the role of AI in the services sector, as China's leadership target a 4.5% growth rate against a volatile global landscape.

Read more: China Pivots to Domestic Demand in New Five-Year Plan