Share this article
USDC Stablecoin Issuer Centre Hires Wall Street Veteran David Puth as CEO
Centre, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its new CEO.
By Ian Allison
Updated May 9, 2023, 3:13 a.m. Published Dec 1, 2020, 4:06 p.m.
The Centre Consortium, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its first CEO.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
Puth also has direct experience of blockchain technology in a regulated financial environment, having been appointed as a strategic adviser to enterprise blockchain builders R3, back in January 2019.
“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.
USDC stablecoin just crossed $3B market cap and over 8M transfers, just 4 months after the $1B milestone.
— Pete Kim (@petejkim) November 30, 2020
USDC on Ethereum (2.97B)
USDC on Solana (25MM)
USDC on Algorand (5.7MM)
Also on ETH sidechains:
USDC on Matic (10.2MM)
USDC on xDai (0.2MM) https://t.co/dKMsRkaaaI
Centre was co-founded in 2018 by crypto exchange Coinbase and digital asset firm Circle, the latter having navigated a remarkable series of pivots.
“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.
Read more: US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
