Chainfeeds Preface:
Jeremy believes that stablecoins are approaching their "iPhone moment": technology becoming practical and user-friendly, thus enabling mass adoption.
Article Source:
https://www.theblockbeats.info/news/59234
Article Author:
Token Dispatch
Perspective:
Token Dispatch: In 1990, Jeremy Allaire first encountered the internet in a dormitory at McAlester College, immediately realizing this new technology would change the world. His passion led him to found Allaire Corporation with his brother J.J. in 1995 and launch ColdFusion software. This tool transformed static web pages into dynamic interactive applications, allowing businesses to develop database-driven websites without hiring numerous programmers, significantly lowering the website development threshold. ColdFusion became the preferred tool for companies like Friendster, Target, Boeing, and Intel, helping to drive early internet commercialization. Starting with a 12-person team, the company quickly became profitable and successfully went public on NASDAQ in 1999, becoming one of the earliest success stories of the internet bubble. In 2001, Macromedia acquired Allaire for $360 million, making 29-year-old Jeremy a wealthy entrepreneur. In 2002, as Macromedia's Chief Technology Officer, Jeremy foresaw video becoming a crucial part of the internet and proposed a Flash-based video platform. However, company leadership rejected the proposal, prompting his resignation in 2003 and founding Brightcove in 2004. His vision was to break the television networks' monopoly on content distribution, allowing creators to directly deliver video to global audiences. Brightcove quickly gained venture capital support and collaborated with major content producers, rapidly expanding its influence. Jeremy's strategy was no longer starting from scratch but actively embracing capital and rapid development. In 2012, Brightcove went public with a valuation of nearly $300 million. Jeremy once again proved his keen insight into technological transformation trends and left a profound mark in the online video field. In 2013, he resigned as CEO at Brightcove's peak, embarking on a new exploration. In 2013, Jeremy Allaire predicted the future for the third time, with Bitcoin as the protagonist. Believing digital currency would change the world like the internet, he founded Circle, initially attempting to create a consumer-facing Bitcoin service. The real breakthrough came in 2018: collaborating with Coinbase to launch USDC, positioned as a stablecoin backed by US dollar reserves, addressing cryptocurrency volatility. Circle actively embraced regulation and established cooperation with the traditional financial system. Although initial progress was slow, this strategy laid a solid foundation for subsequent development. During the 2023 Silicon Valley Bank crisis, USDC temporarily depegged, and Jeremy promised the company would personally cover the gap, ultimately maintaining user trust. In 2025, Circle successfully went public on the New York Stock Exchange with a valuation exceeding $4.6 billion, becoming one of the most successful public market debuts in the crypto industry. Circle's success is not just a victory for USDC but a proof of Jeremy's commitment to compliance and transparency.
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