According to Odaily, Circle CEO Jeremy Allaire has predicted that stablecoins could account for 10% of the global economy in the next decade or longer. Allaire identified several factors that could lead to exponential growth in the adoption of stablecoins over the next '10 plus years'.
In an article published on June 19, Allaire explained that most of the world's largest payment companies are actively using this technology and exploring how to expand its use, as the benefits of public chains and stablecoins are evident to everyone. He stated that the potential market size is 'in the billions', and releasing digital dollars on the blockchain could fulfill the promise of providing banking services to those without bank accounts, reducing remittance costs, and allowing seamless cross-border commerce.
Furthermore, Allaire pointed out that stablecoins are becoming an increasingly accepted form of digital currency. By the end of 2025, stablecoins are expected to occupy an 'increasingly large share' of the global $100 trillion electronic currency market.