Circle CEO Jeremy Allaire announced that the stablecoin ecosystem is ready to develop in the coming years. He points out that the advantages of stablecoins could lead to a boom in the industry.
In a recent interview with CNBC, Jeremy Allaire claims that with the combination of stablecoins’ modern features and the increasing demand for an online digital dollar, the sector will see explosive growth in the next few years. The renowned CEO stated:
Stablecoins will serve as a strong store of value and a medium of exchange for the dollar on the internet, and this innovation is expected to experience explosive growth in the coming years. There is a significant demand for the dollar online, and this is an important issue, he emphasizes.
According to Jeremy Allaire, many investors are turning to cryptocurrencies, including Bitcoin (BTC), as a hedge against risks, indicating that the newly emerged sector will remain popular. However, he also notes that BTC may not meet all the needs of investors.
At the time the article was written, Bitcoin has seen an increase of 2.13% in the last 24 hours, trading at the level of $41,932.