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Circle CEO Jeremy Allaire on stablecoins, bitcoin's outlook and more

There's a new breed of companies centered around stablecoins, which are cryptocurrencies that have values tied to an outside asset like the dollar. Circle recently raised $440 million from investors, which is the largest ever venture captial round of funding for a crypto business. Circle CEO Jeremy Allaire joined "Squawk Box" on Wednesday to discuss.
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Wed, Jun 2 20219:28 AM EDT