According to Odaily, Circle's CEO, Jeremy Allaire, has shared his optimistic outlook on the future of digital wallets. He believes that public blockchains and stablecoins will serve as the conduit connecting all digital wallets globally, unlocking a highly commercialized global and retail payment system. This development is expected to occur before people start using smart contracts for innovative applications across these wallets.
Allaire's vision suggests a significant increase in the utility provided by emerging Web3 wallets, potentially on a global scale. This is due to their connection to an open ecosystem of programmable smart contract infrastructure, which could offer 10 to 100 times the utility achieved solely through payment functions. This optimistic view indicates a potential explosion in the use of one or more of these emerging Web3 wallets on a global scale.