Circle CEO Jeremy Allaire has a bold outlook for Stablecoins, predicting that it can drive the future of inter-border transactions.
Allaire made these claims recently Interview About CNBC's money movements. He highlighted the expansion of Stablecoins adoption and how Circle positions its position as a pioneer in providing trading services to retail and institutional users.
Stablecoins: Major Upgrades to the Financial System
Arle suggested that stablecoins Digital assets have improved the global financial system. Beyond retail users, institutions also look to these currencies for daily trading, leveraging superior proficiency over existing railways.
Stablecoin's instant transaction capabilities and low cost lie at the forefront of this simplified payment system. In particular, Allaire emphasized that households, businesses and nations are using this instrument and branding it as the “future of the global money movement.”
The agency shows the traction of the stubcoin
Furthermore, this concept resonates among prominent financial institutions as they seek ways to leverage Stablecoin transaction rails. The prosperity around the industry was featured in the circle's recent initial public offering.
For context, a circle I've made this review come out It raised $7.2 billion after demand rose during the IPO, raising $1.1 billion from the event with sales of $31 per share. In particular, its shares were launched in June on NYSE at around $69 per share, and have since surged more than 500%.
The success of post-IPO has demonstrated the demand for large investors for products that provide exposure to the Stablecoin market. Meanwhile, lures of such products may increase even further within Stablecoin Regulation breakthrough in the US Senate and House of Representatives.
Furthermore, US Treasury Secretary Scott Bescent said that the stablecoin market, which is dominated by dollars, was It reaches 2 trillion dollars Over the next few years, brokerage firm Bernstein expects a global reputation of $4 trillion by 2035.
In the meantime, Circle's USDC market capitalization is $62.7 billion, accounting for 24% of the $261 billion Stablecoin market. Tether's USDT dominates the sector with a market capitalization of $160 billion.
