Circle CEO: The stablecoin market may expand to $5-10 trillion in the next decade, accounting for 5%-10% of the global money supply

PA一线
PA一线10/25/2024, 12:39 AM

PANews reported on October 25 that according to CoinDesk, Circle CEO Jeremy Allaire said in an interview that the stablecoin market size may expand to 5 to 10 trillion US dollars in the next decade, accounting for 5%-10% of the global money supply. He believes that stablecoin technology will become a core component of the global financial system and has shown great potential in developing countries and cross-border payments.

Allaire pointed out that 2025 will be a critical node for stablecoin regulation, and it is expected that G20 countries and emerging markets in many places will introduce relevant regulations. Although Circle focuses on mature markets, its USDC application in emerging markets is also growing, especially in fintech companies in Latin America and Southeast Asia. Allaire emphasized that Circle plans to continue to promote listing regardless of the election results to enhance transparency and compliance.

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Author: PA一线

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