Circle taps Diem's Dante Disparte to serve as chief strategy officer

Dante Disparte has been hired by Circle to serve as its chief strategy officer and head of global policy.

Circle CEO Jeremy Allaire outlined the hire in a blog post Monday, writing that Disparte "will help drive global strategy for Circle, and manage and lead our global initiatives to help shape policy and engage and collaborate with industry and public sector leaders around the world."

Disparte previously worked as executive vice president of stablecoin initiative Diem, formerly known as Libra. Diem rebranded at the end of 2020 as part of a broad realignment -- a move perhaps motivated by a divisive public response to the project's 2019 debut, including regulators who scrutinized the role of Facebook in its development. Diem has yet to publicly launch, instead opting to secure approval from regulators before going live.

In a statement posted to LinkedIn, Disparte wrote that Circle has "common cause with Diem Association in building a more inclusive financial system."

"I'm excited to confirm the news that I'm joining Circle to lead strategy and global policy and look forward to joining Jeremy Allaire and an incredible team," Disparte wrote.