Circle CEO predicts 40% annual growth for stablecoin market

Jeremy Allaire, CEO of Circle (CRCL), predicts the stablecoin market will grow by approximately 40% annually, driven by accelerating adoption within the global banking system. Speaking at the World Economic Forum in Davos, Switzerland, Allaire said that stablecoins have moved past the experimental phase and are now being integrated into actual financial infrastructure, according to The Block. He noted that this trend is increasing USDC transaction volumes among major banks and payment networks, adding his belief that all financial entities will participate in the stablecoin ecosystem in the medium to long term.