Time to rethink corporate treasury as Washington embraces crypto
Guillaume Poncin is the chief technology officer at San Francisco, California-based Alchemy, a blockchain developer platform provider. Views are the author’s own.
I recently watched a Fortune 500 CFO’s face change when I showed her Circle’s numbers: $1.7 billion in revenue last year from investing US Dollar Coin, or USDC, reserves. Coinbase took home nearly $1 billion just for distributing the fast-rising digital currency.
Combined, Circle and Coinbase are monetizing nearly $2 billion in customer float through U.S. Treasuries — the same strategy available to any company holding customer funds.
After hearing this, the CFO told me: “But we can’t touch crypto. Compliance would…
