Goldman Sachs veteran Craig Broderick joins Circle's board

The Block
The Block

29 Jun 2023 4:15 PM

Stablecoin issuer Circle has appointed former Goldman Sachs executive Craig Broderick to its board of directors. ...

  • Circle Internet Financial has appointed former Goldman Sachs executive Craig Broderick to its board of directors.
  • Broderick has extensive experience in risk management, having served as Goldman Sachs' chief risk officer and overseeing various risk areas.
  • His appointment is crucial for Circle's efforts to ensure price stability and comply with regulations in the issuance of the USDC stablecoin.
  • Circle has been focused on a regulatory-first approach and recently hired former Commodity Futures Trading Commission chairman Heath Tarbert as chief legal officer.
  • Circle has also obtained a Major Payment Institution license in Singapore, aiming for growth in Asia.
  • USDC is the second largest stablecoin in the market, with over 26 billion tokens in circulation.

The sentiment of the article is generally positive, highlighting the importance of risk management and regulatory compliance in the stablecoin industry. The appointments of Craig Broderick and Heath Tarbert are seen as valuable assets for Circle's goals.

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You May Ask

Who has Circle Internet Financial appointed to its board of directors?What is Craig Broderick's background and experience?Why is risk management important in stablecoin issuance?What recent appointments has Circle made to strengthen its regulatory approach?In which region does Circle aim for growth with its Major Payment Institution license?

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