Circle CEO Jeremy Allaire believes the United States is on the verge of becoming a global leader in cryptocurrency innovation and development.
In a new Chain post on social network X, the co-founder of stablecoin issuer USDC said that the United States is approaching a “threshold” where the government is no longer hostile to the digital asset industry.
“Many people complain that the United States is not the ideal place to build a company in our industry, and that the current government is still very harsh on the industry. I completely disagree.
My view is that we are at a critical juncture, and the United States is about to become a decisive leader in building and supporting this financial and technological revolution.”
According to Allaire, the tipping point for 2024 is the emergence of stablecoins , or Cryptoasset pegged to a fiat coin like the US dollar. He predicts that by 2025, stablecoins will become mainstream.
Allaire, who also announced the move of Circle ’s headquarters to New York, believes that stablecoins will become the cornerstone of global economic activity in the next century.
“We are investing in New York. We are investing in the United States. We believe strongly that the infrastructure we are building together – this new internet financial system – will be the foundation for economic activity and global coordination for the next hundred years.
2024 is the breakout year for crypto, the year that stablecoins start to really scale, gain in importance, and usage. 2025 will be the year that this goes mainstream.”
