Puth has held senior executive roles at JPMorgan and State Street, and most recently was the CEO of CLS, the foreign exchange settlement provider made up of over 70 big banks and financial institutions.
“I could not be more enthused about joining Centre at this critical time in the industry,” Puth said in a statement. “The growth of USDC over the course of 2020 is indicative of what I expect will be the path for Centre business activities and that of future Centre-supported stablecoins.”
USDC is the second-largest stablecoin by market cap at $2.98 billion. Having expanded to additional blockchains in recent months, some list USDC’s market cap even higher.
“As Centre scales to add new members, currencies and stakeholders, we are blessed to have an industry leader who has the understanding and experience to help build this new international monetary system,” Circle CEO Jeremy Allaire said in a statement.
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