Circle CEO "Stablecoin market will grow 40% annually"

Circle (CRCL) CEO Jeremy Allaire said at the World Economic Forum (WEF) in Davos, Switzerland, "We expect to see an annual growth rate of about 40% due to the acceleration of stablecoin adoption within the global banking system." According to The Block, he emphasized, "As stablecoins move beyond the experimental stage and become established in actual financial infrastructure, trading volumes of major banks and payment networks for USDC are increasing. In the medium to long term, all financial players will participate in stablecoins."