TechFlow news, October 25 — According to CoinDesk, Circle CEO Jeremy Allaire said in an interview that the stablecoin market could grow to between $5 trillion and $10 trillion over the next decade, representing 5% to 10% of global money supply. Allaire expects 2025 to be a pivotal year for stablecoin regulation, with G20 countries and many emerging markets anticipated to introduce relevant regulations by the end of that year. He emphasized that stablecoin legislation enjoys bipartisan support in the United States, with the Payment Stablecoin Act now at a very advanced stage.
USDC, issued by Circle, is the second-largest stablecoin by market capitalization, currently valued at $35 billion. Allaire noted that while USDC is more popular in developed markets, it is also experiencing significant growth in emerging markets such as Latin America and Southeast Asia, particularly among fintech companies serving local businesses and households.
He cited examples of USDC’s applications in cross-border payments and currency exchange, such as local foreign exchange brokers using USDC to settle transactions between small and medium enterprises, and facilitating hundreds of millions of dollars in energy orders between Middle Eastern suppliers and African buyers. "We are still in the early stages of stablecoin adoption," Allaire said, "but within the next 10 to 20 years, this technology will become part of the global financial system."
