Jeremy Allaire, CEO of Circle, which issues the dollar-pegged stablecoin USDC, emphasized that the popularization of stablecoins is imminent. He said, "We haven't yet built a powerful developer ecosystem like the iPhone, but that point is not far off" and "Programmable digital dollars will drive transformation in the internet economy, just as the iPhone did in mobile," according to Cointelegraph's report on the 15th (local time).
Circle recently began its initial public offering (IPO) journey by listing on the New York Stock Exchange, and USDC ranks second in size in the global stablecoin market after Tether (USDT).
Sam Broner, partner at venture capital firm a16z Crypto, also highly evaluated the potential of stablecoins. He explained, "Now that anyone can program money, the cost of building fintech has been dramatically reduced" and "Financial competition that provides better prices and user experience has become possible."
Changes are also being detected in the market. According to the Wall Street Journal (WSJ), Walmart and Amazon are reviewing the issuance of their own stablecoins, and the global e-commerce platform Shopify plans to introduce USDC payment capabilities by 2025.
As the movements of companies and investors surrounding stablecoins accelerate, Allaire's remarks suggest that this technology can soon deeply integrate into everyday financial systems.
