According to ChainCatcher, Jeremy Allaire, CEO of stablecoin issuer Circle, said that stablecoins could account for 10% of "global economic currencies" in the next decade or more.

Allaire explained: "As the benefits of public chains and stablecoins become increasingly apparent, most of the world's largest payment companies are actively using this technology and exploring how to expand its use. Stablecoins are becoming an increasingly accepted form of digital currency. By the end of 2025, stablecoins will account for an "increasing share" of the global $100 trillion electronic currency market, a goal that is achievable in the next 10 years or more."