Jeremy appears increasingly receptive to the culture surrounding memecoins.
FOMO launching on Arc from day one suggests the network is making room for the culture and discovery that drive tokens with strong lore.
Weโll be waiting for this notification.
$BANCOR ๐ฆโ๐ฅ
Most memes are invented first and lore gets added later.
$BANCOR is the opposite.
The name was already sitting in early Circle history.
The global currency idea was already there.
Jeremy later came back to Bancor publicly.
Then Circle built USDC and eventually Arc.
We didnโt manufacture the story.
We found it.
The lost name is onchain now. ๐ฆโ๐ฅ
The lore behind $BANCOR gets wild when you line up the dates.
In 1988, The Economist imagined that within 30 years the world could be using a global currency the Phoenix, shown rising above burning fiat currencies and stamped 2018.
Exactly 30 years later, in 2018, Circle launched $USDC.
And Circleโs original name & brand was reportedly supposed to be BANCOR named after Keynesโ idea for a supranational global currency.
Years later, Jeremy Allaire himself was still discussing whether digital currencies could eventually โbecome a Bancor.โ
Thatโs why the Phoenix fits $BANCOR so well.
A global currency symbol rising above the old fiat system, dated 2018 the same year Circle launched USDC.
Not claiming prophecy. Just documented history lining up almost perfectly.
1988 โ Phoenix โ 2018 โ USDC โ BANCOR โ Arc. ๐ฆโ๐ฅ
The Economist:
https://t.co/tuvBxAZvyZ
Original Circle/Bancor receipt:
https://t.co/bJsAgdbT9k
USDC launch:
https://t.co/ArnyTIhZAW
Jeremy on Bancor:
https://t.co/z9DojoFpgU
Hey @jerallaire in January you said the name Circle nearly launched under would have to wait for the book.
Ryan Selkis wrote in Jan 2014 that Circle's intended original name & brand was Bancor.
Did Ryan spoil that chapter 12 years early? ๐
People are mixing up an early project/code-name with Circleโs intended public brand.
Jeremy Allaire @jerallaire himself described Tendren as a code name.
Separately, Ryan Selkis reported in Jan 2014:
โCircleโs original name and brand was not actually supposed to be Circle, but Bancor.โ
That distinction matters.
Tendren = early project / code-name
BANCOR = reportedly intended brand
Circle = final brand
BANCOR wasnโt just another internal project name it was specifically reported as the identity Circle was supposed to launch under.
Receipt:
https://t.co/bJsAgdbT9k
$BANCOR
Why BANCOR matters.
BANCOR wasnโt just some random name Circle considered.
In Jan 2014, Ryan Selkis reported:
โCircleโs original name and brand was not actually supposed to be Circle, but Bancor.โ
And the meaning behind that name is the real lore.
Bancor was John Maynard Keynesโ proposal for an international currency used to settle value between nations money designed to sit above individual national currencies in a new global monetary system.
That lines up almost perfectly with what Jeremy Allaire says Circle was thinking about from the beginning.
Jeremy has said that when Circle was being founded in early 2013, they were already exploring ideas around new global currencies, SDRs, common currencies and using public blockchains to connect traditional money globally.
Then in 2020, Jeremy went even further.
While discussing a future synthetic global digital currency made from fiat currencies and potentially Bitcoin, he literally asked whether it could:
โbecome a Bancor.โ
Now look at what Circle became.
A public company NYSE: CRCL.
The issuer of USDC.
Building global stablecoin payment infrastructure.
And now building Arc, its own stablecoin-native blockchain.
Thatโs why BANCOR is such important early Circle lore.
The name reportedly disappeared.
The thesis behind it didnโt.
More than a decade later, Circle is building remarkably close to the global internet-money vision that made BANCOR such a fitting name in the first place.
And now the lost name lives onchain.
$BANCOR on Arc. ๐ฆโ๐ฅ