Circle CEO Denies Threat of Interest on Stablecoins

Circle's CEO Jeremy Allaire, speaking at the World Economic Forum in Davos, Switzerland on the 23rd, responded to CNBC, projecting that the annual compound growth rate of stablecoins will be around 40%. He noted that as banks transition from experimental to practical phases, adoption is accelerating across the global banking system.

Allaire stated that the debate over whether stablecoins belong in the financial system has ended, and the focus has shifted to expanding their practical use.

Banks no longer treat stablecoins as experimental virtual currency products, and Circle is now engaging with nearly all major banks worldwide in payments, capital markets, and tokenized assets...