Circle CEO Jeremy Allaire has expressed an optimistic outlook on the future of stablecoins, predicting they could make up 10% of the global economy within the next decade. Allaire believes stablecoins have the potential to revolutionize cross-border commerce, reduce remittance costs, and provide banking solutions to the unbanked. He anticipates that by 2025, stablecoins will be legally recognized as 'legal electronic money' in most jurisdictions.

Allaire also highlighted the active use of blockchain technology by major payment companies and national governments, suggesting a future where credit intermediation shifts from fractional reserve lending to on-chain credit markets using stablecoins. This could broaden the credit and debt market, similar to how Amazon and AdWords transformed commerce and advertising.

Allaire's bullish stance is based on his belief that we are still in the early stages of crypto adoption, with the rapid pace of technological advancements and increasing acceptance set to drive significant changes in the next decade. He emphasized the transformative potential of crypto, comparing its current trajectory to the evolution of internet technology. Despite initial skepticism, Allaire believes the persistence and creativity of early builders will propel crypto to new heights.