Jeremy Allaire, CEO of stablecoin coin Circle, stated that stablecoins could make up 10% of “global economic money” in the next decade or more. “Many of the world's largest payments companies are actively using this technology and are exploring how to expand their use as the benefits of public chains and stablecoins become clear to everyone,” Allaire said. Stablecoins are an increasingly accepted form of digital money and will make up a "bigger and larger portion" of the world's $100 trillion electronic money market by the end of 2025, Allaire said. What if “10% of global economic money becomes stablecoins and credit intermediation moves from fractional reserve lending to on-chain credit markets” in the next 10+ years, according to Allaire? This could be achieved within the next 10+ years, according to Allaire. USD Coin (USDC), Allaire's US dollar stablecoin issued by Circle, currently has a market cap of $32.8 billion, making it the second-largest stablecoin behind Tether (USDT). Allaire's optimism is not limited to the stablecoin market. Cryptocurrency adoption could grow to “billions of users” across “millions of apps” over the next 10 or more years. Allaire thinks some on-chain organizations may even surpass some multinationals during this time. He did not provide further information on this subject and in which sectors.#blockchain#stablecoin#Circle#JeremyAllaire