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Circle CEO: Stablecoins will account for 10% of global economic currency in the next decade
2024-06-20 00:59:14
Odaily News Circle CEO Jeremy Allaire said that stablecoins could account for 10% of "global economic currency" in the next decade or more. Allaire proposed several factors that could trigger an exponential growth in the adoption of stablecoins over the next "10+ years." "Most of the world's largest payment companies are actively using this technology and exploring how to expand its use as the benefits of public chains and stablecoins become apparent to everyone," Allaire explained in a June 19 article. He said the potential market size is "billions," and that releasing digital dollars on the blockchain could fulfill the promise of providing banking services to the unbanked, reduce remittance costs, and allow seamless cross-border commerce. It also noted that stablecoins are becoming an increasingly accepted form of digital currency, and by the end of 2025, stablecoins will account for an "increasing share" of the global $100 trillion electronic currency market. (Cointelegraph)