- With its team in place, Centre wants to create a “global network of stablecoins,” CEO David Puth told The Block.
Centre, the consortium founded by Circle and Coinbase that oversees the USDC stablecoin, has announced a new team to expand globally in the coming years.
The new team comprises of six people, including C-suite executives — John Shipman as chief commercial officer, Mark duBose as chief risk and compliance officer, Beth Zolkind as chief financial officer, Chad Richman as senior counsel, Jessica Gardner as business operations manager, and Kevin Mills as graduate project manager. They all have joined Centre in recent months and have previously worked at firms such as PwC Australia, Circle, Robin Hood Foundation, Fenwick & West, and Clearfield Capital.
With its core team in place, Centre now wants to create a “global network of stablecoins,” CEO David Puth told The Block in an interview. “We have been working on building up partners overseas with whom we can ultimately connect interoperable stablecoins built to Center standards in other countries similar to USDC,” said Puth.
Puth joined Centre as its first CEO last December. He has held senior executive roles at JPMorgan and State Street and most recently was the CEO of CLS Group that provides forex settlement services, settling over $5 trillion a day in currency transactions.
To meet its global expansion plans, Centre looks to partner with financial services and payments processing companies and extend its membership to them. Puth declined to share specific details but said Centre will be able to take on new members later this year.
Centre is focused on partnerships in markets such as Africa and Asia, said Puth, where stablecoins can be used to transfer money with “very little friction and at very little cost.”
USDC is currently the second-largest stablecoin by market cap with a total supply at over $27 billion, according to The Block’s Data Dashboard. The stablecoin’s supply has grown nearly ten times since last December.