Jeremy Allaire said that over the past four years, the volume of transfers using stablecoins has increased by more than 1,600%. For example, monthly stablecoin transfer volumes increased from $100 million in October 2020 to $1.68 trillion in April 2024, according to Token Terminal observer.
At the same time, the governments of many countries around the world, including the United States, have become more loyal to the development of cryptocurrency projects and the possibility of using this type of digital assets in the real economy, noted the head of Circle.
“Stablecoins are becoming a legally defined and accepted form of digital money in virtually every major jurisdiction in the world. By the end of 2025, stablecoins could become legal electronic money almost everywhere,” Allaire said.
He said that major players in the financial industry, such as Stripe and PayPal, have integrated stablecoins into their payment systems and already in April more than 167 million transactions were carried out in USDC.
In May, Circle announced that it had entered into an agreement with the Brazilian investment and financial corporation BTG Pactual and the online bank Nubank to organize direct access for institutional and private clients from Brazil to USDC stablecoins through the services of partner banks.
Source: Bits
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