Circle CEO Predicts Stablecoins Will Constitute 10% of Global Money Supply
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
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Source: Coinmarketcap
- Circle CEO's Prediction: Jeremy Allaire, CEO of Circle, predicts stablecoins could make up 10% of the global money supply within the next decade.
- Factors Driving Adoption: Allaire highlights the involvement of major payment companies in blockchain technology and stablecoins, leading to increased adoption.
- Financial Inclusion: Stablecoins offer financial inclusion by providing access to banking, reducing transfer costs, and facilitating cross-border trade.
- Projected Growth: To reach Allaire's prediction, the stablecoin market needs to grow at a compound rate of 47.7% annually.
- Market Impact: USD Coin (USDC) is the second-largest stablecoin with a market value of $32.8 billion, indicating its potential growth in the stablecoin market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
