Stablecoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/circle-ceo-predicts-stablecoins-will-constitute-10-of-global-money-supply/" data-wpel-link="internal">Circle CEO Predicts Stablecoins Will Constitute 10% of Global Money Supply</a><br></p>
<p style="text-align: justify">Jeremy Allaire, CEO of leading stablecoin issuer Circle, made a bold prediction about the future of stablecoins and their role in the global economy. According to Allaire, stablecoins could constitute 10% of the global economic money supply within the next decade. This ambitious prediction is based on several key factors that the Circle CEO believes will lead to exponential growth in the adoption of stablecoins in the coming years.</p> 
<h2 style="text-align: justify" id="strong-factors-driving-stablecoin-adoption-strong"><strong>Factors Driving Stablecoin Adoption</strong></h2> 
<p style="text-align: justify">Allaire pointed to the active involvement of the world’s largest payment companies in using and expanding the use of Blockchain <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">technology</a> and stablecoins. According to him, as the benefits of public Blockchains and stablecoins become more apparent, companies are increasingly integrating this technology into their operations. This technology, increasingly adopted by major financial players, is expected to significantly increase the use of stablecoins.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-363382" src="https://coin-turk.com/wp-content/uploads/2024/06/Altcoin-Stablecoin.png" alt="" width="551" height="440"></p> 
<p style="text-align: justify">The potential market for stablecoins is enormous and has reached billions of dollars. One of the most significant advantages of digital dollars on Blockchains is their ability to provide financial inclusion. Allaire highlighted how stablecoins can help unbanked individuals gain access to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">banking</a>, reduce money transfer costs, and facilitate cross-border trade. He expects these benefits to lead to the widespread adoption and acceptance of stablecoins as a form of digital currency.</p> 
<h2 style="text-align: justify" id="strong-projected-growth-and-market-impact-for-stablecoins-strong"><strong>Projected Growth and Market Impact for Stablecoins</strong></h2> 
<p style="text-align: justify">Currently, the stablecoin market size is at $162 billion, which represents only 0.2% of the $80 trillion money market. For Allaire’s prediction that stablecoins will constitute 10% of the global economic money supply by 2034 to come true, the stablecoin market needs to grow at an annual compound rate of 47.7%. This significant growth rate indicates the transformative potential of stablecoins in the global financial world.</p> 
<p style="text-align: justify">According to data from the crypto data and price platform CoinGecko, USD Coin (USDC), a US dollar stablecoin issued by Circle, is currently the second-largest stablecoin with a market value of $32.8 billion. While Tether is the issuer of the largest stablecoin USDT, the significant presence of USDC in the market reflects its importance and future growth potential in the stablecoin market.</p> 
<p style="text-align: justify">On the other hand, Allaire’s optimism extends beyond stablecoins to the broader <a href="https://en.coin-turk.com/expert-analysis-sheds-light-on-three-altcoins-poised-for-growth/" data-wpel-link="internal">cryptocurrency market</a>. The Circle CEO expects the adoption of cryptocurrencies to reach billions of users and millions of applications within the next decade. This high adoption could enable much more trade and financial transactions through smart contracts on public Blockchain infrastructure.</p> 
<p style="text-align: justify">Although Allaire did not provide detailed information about specific sectors or mechanisms, he claimed that some on-chain data providers might outperform traditional multinational companies in the future.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/circle-ceo-predicts-stablecoins-will-constitute-10-of-global-money-supply/" data-wpel-link="internal">Circle CEO Predicts Stablecoins Will Constitute 10% of Global Money Supply</a></h5>

Circle CEO Predicts Stablecoins Will Constitute 10% of Global Money Supply

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