{"id":23100,"date":"2024-06-20T17:00:33","date_gmt":"2024-06-20T14:00:33","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23100"},"modified":"2024-06-20T12:10:41","modified_gmt":"2024-06-20T09:10:41","slug":"stablecoin-could-capture-10-of-global-economic","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/stablecoin-could-capture-10-of-global-economic\/","title":{"rendered":"Circle CEO Predicts Stablecoins Could Capture 10% of Global Economic Money in 10+ Years"},"content":{"rendered":"<p>Over the next ten years or more, <strong>stablecoins<\/strong> might represent 10% of &#8220;global economic money,&#8221; said <strong>Circle CEO Jeremy Allaire<\/strong>. Allaire highlighted in a June 19 X post numerous elements that may cause a notable increase in stablecoin acceptance.<\/p>\n<p>&#8220;Most of the biggest payments companies in the world are actively using this technology and investigating how to expand their usage as the benefits of public chains and stablecoins become evident to everyone,&#8221; Allaire said.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/stablecoin-could-capture-10-of-global-economic\/#Exponential_Growth_Potential\" title=\"Exponential Growth Potential\">Exponential Growth Potential<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/stablecoin-could-capture-10-of-global-economic\/#Current_Market_and_Future_Predictions\" title=\"Current Market and Future Predictions\">Current Market and Future Predictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/stablecoin-could-capture-10-of-global-economic\/#Broader_Cryptocurrency_Adoption\" title=\"Broader Cryptocurrency Adoption\">Broader Cryptocurrency Adoption<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Exponential_Growth_Potential\"><\/span>Exponential Growth Potential<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Emphasizing that the potential market size is in the billions, <strong>Allaire<\/strong> underlined how digital currency on blockchains may assist bank the unbanked, reduce remittance costs, and enable smooth cross-border trade. By the end of 2025, he expects stablecoins\u2014which might account for a &#8220;larger and larger portion&#8221; of the $100 trillion global electronic money market\u2014to be widely acknowledged as a kind of digital money.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/binance-labs-invests-in-cross-chain-dex-and-bridge-aggregator-rango\/\"><em>This Might Interest You:\u00a0Binance Labs Invests in Cross-Chain DEX and Bridge Aggregator Rango<\/em><\/a><\/p>\n<p>&#8220;What would it look like if 10% of world economic wealth were stablecoins and credit intermediation shifted from fractional reserve lending to onchain credit markets? [This] is within reach over the next ten plus years, <strong>Allaire<\/strong> said.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Current_Market_and_Future_Predictions\"><\/span>Current Market and Future Predictions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Based on World Population Review statistics, the $162 billion stablecoin industry now represents just 0.2% of the $80 trillion money market. Not including the expansion of the whole money market, the stablecoin market would have to develop at a compounded annual growth rate of 47.7% if Allaire&#8217;s 10% projection comes to pass by 2034.<\/p>\n<p>Based on CoinGecko statistics, USD Coin (USDC), the stablecoin created by Circle, has a $32.8 billion market valuation second only to Tether.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Broader_Cryptocurrency_Adoption\"><\/span>Broader Cryptocurrency Adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The hope of Allaire transcends stablecoins. In the next decade, he sees the acceptance of cryptocurrencies rising to &#8220;billions of users&#8221; spread throughout &#8220;millions of applications.&#8221; Using smart contracts on public blockchain infrastructure, he expects much more trade and finance to be conducted. Though he did not name the industries or tools for this transition, Allaire also thinks certain onchain companies might surpass global firms in the next years.<\/p>\n<p>Allaire&#8217;s forecasts show the possibility for notable expansion and the transforming effect of blockchain technology on world banking as the stablecoin and larger cryptocurrency markets develop.<\/p>\n<p><a href=\"https:\/\/t.me\/coinengineernews\"><em>Click here to get the latest news from Coin Engineer!<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the next ten years or more, stablecoins might represent 10% of &#8220;global economic money,&#8221; said Circle CEO Jeremy Allaire. Allaire highlighted in a June 19 X post numerous elements that may cause a notable increase in stablecoin acceptance. &#8220;Most of the biggest payments companies in the world are actively using this technology and investigating<\/p>\n","protected":false},"author":6,"featured_media":10741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[3689,488],"class_list":["post-23100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-jeremy-allaire","tag-stablecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Circle CEO Predicts Stablecoins Could Capture 10% of Global Economic Money in 10+ Years - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/stablecoin-could-capture-10-of-global-economic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circle CEO Predicts Stablecoins Could Capture 10% of Global Economic Money in 10+ Years - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Over the next ten years or more, stablecoins might represent 10% of &#8220;global economic money,&#8221; said Circle CEO Jeremy Allaire. 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