đ Circle CEO Jeremy Allaire predicts stablecoins could make up 10% of global economic money in the next decade! đ°
Why?
- Stablecoins enhance cross-border commerce
- Lower remittance costs
- Provide banking solutions to the unbanked
By 2025, he expects stablecoins to be legally recognized as 'electronic money' in most jurisdictions. đ
Allaire sees a future where on-chain credit markets using stablecoins could open up credit and debt to a broader market, like how Amazon and AdWords transformed commerce and advertising. đ
He's optimistic about blockchain tech supporting billions of users and applications, revolutionizing finance, commerce, and governance. đ
Allaire believes we're in the early stages of crypto adoption, with the rapid pace of tech advancements and increasing acceptance driving significant changes in the next decade. đ
What do you think? Are we on the cusp of a crypto revolution? Share your thoughts below! đ #DeFi #Web3 #DAO #Layer2