Circle CEO Jeremy Allaire has stated that stablecoins could represent 10% of “global economic money” in the next decade. Allaire shared his vision in a post, revealing the main reasons why he is "more bullish" than ever on cryptocurrencies and stablecoins. 🌐💰

Stablecoins, a 'star app' for cryptocurrencies, have improved cross-border trade, reduced remittance costs, and provided banking solutions to the unbanked. Allaire predicts that by the end of 2025, stablecoins will be legally recognized as 'legal electronic money' in most major jurisdictions.

"Most of the world's largest payments companies are actively using this technology," Allaire noted, adding that national governments are also investing in blockchain infrastructure and passing laws to increase innovation.

Allaire speculates about a future where 10% of global economic money could be stablecoins. It suggests that shifting credit intermediation from fractional reserve to on-chain credit markets using stablecoins could open up credit and debt to a broader market, similar to how Amazon and AdWords transformed commerce and advertising.

Allaire believes all of this is achievable in the next decade. His optimistic outlook is based on the belief that the current phase of crypto adoption is just the beginning. “We are still in the VERY EARLY STAGES of crypto adoption,” he emphasized, suggesting that the rapid pace of technological advancements and growing acceptance will drive significant changes in the coming decade.

Do you agree with Allaire's vision? Share your thoughts in the comments. 👇