Investing.com - Financial Markets Worldwide

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.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.