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Circle CEO: The stablecoin market could potentially expand to $50-100 trillion within the next decade, accounting for 5%-10% of global money supply

Circle CEO: The stablecoin market could potentially expand to $50-100 trillion within the next decade, accounting for 5%-10% of global money supply

Bitget2024/10/25 00:57

According to reports, Circle CEO Jeremy Allaire said in an interview that the stablecoin market could expand to $50 trillion to $100 trillion within the next decade, accounting for 5%-10% of global money supply. He believes that stablecoin technology will become a core part of the global financial system and has already shown great potential in developing countries and cross-border payments.

Allaire pointed out that 2025 will be a critical point for stablecoin regulation, with G20 countries and many emerging markets expected to introduce relevant laws. Although Circle focuses on mature markets, its USDC is also growing in emerging markets, especially among fintech companies in Latin America and Southeast Asia. Allaire emphasized that Circle plans to continue pushing for listing regardless of election results, aiming at enhancing transparency and compliance.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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