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Circle CEO Predicts Stablecoins as Global Legal Tender by 2025

Published 06/20/2024, 06:41 PM
Updated 06/20/2024, 07:15 PM
Circle CEO Predicts Stablecoins as Global Legal Tender by 2025

  • Circle CEO Jeremy Allaire states that the market has just witnessed the very early stages of crypto adoption.

  • Allaire asserts that stablecoins will be considered legal electronic money by the end of 2025.

  • The CEO adds that in one decade, stablecoins would account for 10% of the global economic money.

Jeremy Allaire, the CEO of Circle, the company behind the popular stablecoin USD Coin (USDC), has made a bold prediction: stablecoins will become globally recognized as “legal electronic money” by the end of 2025.

This comes amid the rapid growth of stablecoins, which are cryptocurrencies designed to maintain a stable value by pegging them to a reserve asset like the U.S. dollar.

In his recent X (formerly Twitter) post, the Circle CEO elaborated on the major reasons for his optimistic outlook on cryptocurrencies and stablecoins. Reflecting on the evolution of digital assets from 2009, when Bitcoin was barely known, to 2024, when it became the largest cryptocurrency, Allaire reiterated his confidence in crypto’s future.

The post Circle CEO Predicts Stablecoins as Global Legal Tender by 2025 appeared first on Coin Edition.

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