Centre Blog

David Puth Steps Down as Chief Executive Officer, Joins Circle as Senior Advisor

CENTRE Consortium
CENTRE Consortium

Aug 15, 2022 3:00:07 PM


The Board of Managers of the Centre Consortium LLC (“Centre”) announces today that it has accepted the resignation of David Puth as Chief Executive Officer. Mr. Puth will join Circle Internet Financial as a senior advisor on financial institutions, policy, regulatory and other matters. He joined Centre in 2020 as its first employee, leading Centre’s mission to provide governance and standards for a future digital financial ecosystem. 

Drawing on his extensive background in financial markets, banking, payments, and technology, Mr. Puth has been integral to building Centre’s global leadership and operations teams, including the additions of General Counsel and Chief Operating Officer, who joined the Centre team earlier this year. 

“As the world continues to see the advantages of cryptocurrency and blockchain technology, more and more users are choosing USDC as their dollar digital currency to transact and store value,” said Alesia Haas, CFO of Coinbase. “Centre provides assurance and trust to the industry, contributing to the dramatic growth of USDC over the past year and Coinbase is looking forward to continuing on our mission with Centre and Circle to provide the governance and standards for the future digital financial ecosystem.”

"We are grateful to David for his contributions to Centre and are excited to welcome him as an advisor to Circle," said Dante Disparte, a Centre board member and Circle’s Chief Strategy Officer and Head of Global Policy. "His background and leadership will be valuable to us as we continue to grow and scale the business."

“I am extremely proud of what we have accomplished at Centre over the last several years. We have built a very strong foundation to support the growth and expansion of a trusted stablecoin network. I have great confidence in Centre’s management team and am eager to stay close to its continued growth,” said Puth.

The Centre Board of Managers is working closely with Mr. Puth and the senior leadership team to manage the transition. The Board and the entire Centre team share their sincere gratitude to Mr. Puth for his leadership, contributions and steadfast dedication to this organization and responsible financial services innovation.