Bitcoin

when

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Circle CEO, Jeremy Allaire, is more optimistic about crypto than ever.</li> 
 <li>He predicts stablecoins becoming a larger portion of the $100 trillion market for electronic money.</li> 
</ul> 
In a recent post on X, Circle’s CEO, Jeremy Allaire, reveals the reasons why he is more optimistic about crypto’s future than ever. He also shares bold predictions about the future of stablecoins. 
Allaire began his post by saying that his conclusions came after closely watching the Internet’s technology adoption life cycles over the past 35 years. Each wave has transformed major industries, improving utility for people, transforming unit economics, and opening up innovative possibilities. 
He highlighted that when Bitcoin came onto the scene, technologists began analyzing how the fundamentals of crypto could be expanded to offer a more generalized Internet infrastructure that could boost the economy and society. 
Allaire said that digital tokens, issued on public blockchains, intermediate by smart contracts could unleash a trusted environment on a global scale that would become the foundation of how building blocks of society and the economy could become Internet-native. 
He said that now, we are only in the very early ages of crypto adoption in the world and this is the reason for which he is bullish about the future. 
He mentioned how world governments are racing to compete with one another to figure out how to make the best of crypto’s innovation. 
Allaire explained that most of the world’s payment companies are using crypto and the blockchain, exploring how to expand their usage for more benefits. 
<h2 id="stablecoins-could-capture-10-of-the-world-s-money-by-2034">Stablecoins could capture 10% of the world’s money by 2034</h2> 
Allaire<a href="https://x.com/jerallaire/status/1803432989113593890" rel="nofollow" target="_blank"> mentioned</a> that stablecoins have exploded in scale and use, bringing more people into the future on-chain economy. He highlighted the best features of stablecoins: 
<ul> 
 <li>fulfilling the promise of banking the unbanked</li> 
 <li>lowering remittances costs</li> 
 <li>unlocking more seamless cross-border commerce</li> 
</ul> 
Stablecoins are becoming a legally defined and accepted form of digital money in almost every jurisdiction of the world. 
By the end of 2025, he sees stablecoins becoming legal electronic money almost everywhere and this sets them up to become a larger portion of the $100 trillion market for electronic money. 
He sees a future where 10% of the <a href="https://worldpopulationreview.com/economics/how-much-money-is-in-the-world" rel="nofollow noopener" target="_blank">global economic money</a> will be stablecoins and in which credit intermediation moves from fractional reserve lending to on-chain credit markets built from the ground up on safer, digital cash instruments. 
Allaire concluded by saying that all this is achievable over the next decade. 
In other stablecoins-related news, we recently reported that MiCA’s stablecoin rules will take effect in the European Economic Area on June 30. This will mark a significant regulatory milestone for the region’s stablecoin market. 
As part of the new <a href="https://crypto.ro/en/news/binances-head-of-cee-cis-clarifies-stablecoins-ban-rumors-at-binance-campus/">MiCA framework</a>, stablecoin issuers in the EU have to be licensed as Electronic Money Institutions (EMIs) or credit institutions.

Stablecoins Could Be Legal Electronic Money Everywhere By The End Of 2025

Daftar Isi

crypto.ro global

Artikel lain yang dipublikasikan pada 20 Jun 2024

Shiba Inu (SHIB) Skyrockets 4,320% in Netflows in Epic Price Recovery Push

Players Earn in Mines of Dalarnia

India hits Binance with multi-million dollar fine!

Hamster Kombat Popularity Explodes As Russia, Uzbekistan And Ukraine Issue Warnings To Players

MoonBag Staking Rewards Turn the Tide, Splashing All Over Shiba Inu and Fetch AI

Konami partners with Avalanche for Resella NFT platform launch

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!