Summary
- Circle CEO Jeremy Allaire said he expects the global stablecoin market to record an annual growth rate of about 40%.
- He said stablecoin adoption is spreading rapidly within the global banking system and that USDC transaction volumes are steadily rising, led by major banks and payment networks.
- Allaire emphasized that over the medium to long term, all financial players—including banks, payment companies and fintech firms—will join the stablecoin ecosystem, expanding its role within the financial system.
Circle CEO Jeremy Allaire said he expects the global stablecoin market to post annual growth of about 40%.
According to crypto-focused media outlet The Block on the 22nd (local time), Allaire made the remarks while attending the World Economic Forum (WEF) in Davos, Switzerland, saying that "the adoption of stablecoins within the global banking system is spreading rapidly."
He added that "stablecoins are no longer in an experimental phase and are becoming part of the real financial infrastructure," and said that USDC transaction volumes are steadily increasing, led by major banks and payment networks.
He went on to stress that, over the medium to long term, all financial players—including banks, payment companies and fintech firms—will participate in the stablecoin ecosystem, expanding stablecoins’ role within the financial system.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
