🚀🌐 STABLECOINS = 10% OF GLOBAL MONEY IN NEXT DECADE 🌐🚀

Circle CEO Jeremy Allaire has expressed his bullish outlook on the future of stablecoins, predicting they could account for 10% of global economic money over the next decade. This optimistic view is based on several factors that could drive exponential growth in stablecoin adoption.

📈 Factors Driving Stablecoin Growth:

Widespread Adoption by Payment Companies: "Most of the world’s largest payments companies are actively using this technology and exploring how to expand their usage," Allaire explained in a June 19 X post.

Addressing Market Needs: Digital dollars on blockchains can fulfill promises such as banking the unbanked, lowering remittance costs, and enabling seamless cross-border commerce.

Increasing Acceptance: Stablecoins are becoming a widely accepted form of digital money, poised to occupy a significant portion of the world’s $100 trillion market for electronic money by 2025.

Potential for Onchain Credit Markets: Allaire envisions a future where credit intermediation moves from traditional banking to onchain credit markets, driven by stablecoin adoption.

💡 The Future of Stablecoins:

Allaire's bold prediction sees the stablecoin market growing to 10% of global economic money within the next decade. Currently, the $162 billion stablecoin market is only 0.2% of the $80 trillion money market, according to World Population Review data. For his prediction to come true by 2034, the stablecoin market would need a compounded annual growth rate of 47.7%.

Current Market: USD Coin (USDC), issued by Circle, boasts a $32.8 billion market cap, making it the second-largest stablecoin behind Tether (USDT).

👇 Do you think stablecoins are the future?

I think so a lot!!

Drop your opinion and follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more!

#stablecoins #Crypto #Blockchain #USDC #USDt

$usdt $btc $eth