TechFlow News — Circle CEO Jeremy Allaire posted that he is more optimistic than ever about the future of cryptocurrency.
He believes most people have little understanding of what is currently unfolding, which further strengthens his optimism. Having observed the adoption lifecycle of internet technology over the past 35 years, he sees the continuous evolution of open networks, open protocols, and open-source software as deepening the internet's utility for society and the economy. He believes cryptocurrencies, driven by powerful forces, will propel society and the economy into unprecedented new frontiers.
He also pointed out that stablecoins are becoming legally defined and accepted forms of digital currency in nearly all major jurisdictions worldwide. By the end of 2025, stablecoins will be recognized as "legal electronic money" in almost every region, enabling them to capture an increasing share of the electronic money market, which exceeds $100 trillion.
