Centre Hires 2 Executives to Oversee Regulation, Operations

Former regulator Linda Jeng will join as Centre’s chief policy and regulatory officer, while former Diem executive Danielle Harold will be the consortium’s chief operations officer.

AccessTimeIconApr 12, 2022 at 1:11 p.m. UTC
Updated Apr 13, 2022 at 5:12 p.m. UTC

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

The technology consortium behind the second-biggest stablecoin has hired two new executives to oversee policy and operations.

Centre, the consortium founded by Circle and Coinbase in 2018 to govern USD coin (USDC), announced Tuesday that Linda Jeng, a current Georgetown law professor and former regulator with the U.S. Securities and Exchange Commission (SEC), would be joining as Centre’s chief policy and regulatory officer.

Danielle Harold, former executive at the now-defunct Diem Association, will join Centre as chief operating officer (COO).

As the global stablecoin market continues to grow and attract the attention of lawmakers, Centre has taken steps – including becoming increasingly transparent about USDC’s backing – to stay in regulators’ good graces.

“I am thrilled to welcome executives of this caliber to our team,” said David Puth, CEO of Centre, said in a press statement. “Both Linda and Danielle bring an abundance of experience that will guide our organization as we create standards for the burgeoning blockchain space.”

USDC has a market cap of over $50 billion.

UPDATE: (April 13, 17:10 UTC): Headline and opening paragraph changed to reflect that Circle, not Centre, is the sole issuer of USDC.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

CoinDesk - Unknown

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.