Circle CEO: Stablecoins will account for 10% of global economic currency in the next decade

Odaily Odaily News Circle CEO Jeremy Allaire said that in the next decade or more, stablecoins may account for 10% of "global economic currency". Allaire proposed several factors that may trigger exponential growth in the adoption of stablecoins in the next "10 years or more". "Most of the world's largest payment companies are actively using this technology and exploring how to expand its use because the benefits of public chains and stablecoins are obvious to everyone," Allaire explained in an article on June 19. He said that the potential market size is "billions", and the release of digital dollars on the blockchain can realize the promise of providing banking services to people without bank accounts, reduce remittance costs, and allow seamless cross-border commerce. It also pointed out that stablecoins are becoming an increasingly accepted form of digital currency, and by the end of 2025, stablecoins will occupy an "increasing share" of the global $100 trillion electronic currency market. (Cointelegraph)