Michaela
Jeremy Allaire, CEO of fintech giant Circle, forecasts that stablecoins will soon draw as much developer interest as the iPhone, signaling a major shift in digital finance innovation.
Following Circle’s debut on the New York Stock Exchange, its CEO weighed in on the role of stablecoins via a post on X, responding to a16z Crypto partner Sam Broner who argued that stablecoins promote competition within the financial system.
“The highest utility form of money ever created,” Allaire wrote. “And we are not quite yet at the iPhone moment when developers everywhere realize the power and opportunity of programmable digital dollars on the Internet in the same way they saw the unlock of programmable mobile devices. Soon,” he added.
In his post on X, Broner emphasized that advancements in technology have lowered the fixed and marginal costs of building fintech applications, effectively enabling anyone to program financial products. He argued that this increased accessibility fosters greater competition, ultimately leading to improved pricing, user experience, and broader financial inclusion.
“It’s the permissionless programmability that’s going to change the market,” Broner wrote.
The comments from Allaire and Broner come amid reports that retail giants Walmart and Amazon are exploring the possibility of issuing their own U.S. dollar-backed stablecoins for customer use.
Additionally, Shopify has announced it will integrate Circle’s USDC stablecoin into its payment system, with the rollout expected to be completed by the end of 2025.
The growing interest in stablecoins by major tech and retail players signals a broader shift in how digital assets are perceived—not just as speculative tools, but as practical financial infrastructure.
As regulatory clarity improves and mainstream adoption increases, stablecoins like USDC may play a pivotal role in bridging traditional finance and Web3. For companies like Circle, this evolution offers both an opportunity and a responsibility to shape the standards of programmable money.
With global brands now exploring their own digital currency strategies, the conversation around stablecoin utility is rapidly moving from theory to execution. The next few years could determine whether stablecoins become as integral to everyday transactions as credit cards and mobile wallets are today.
Read More
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- Ripple Eyes Takeover of Stablecoin Giant Circle
- Congress Moves to Regulate Stablecoins with New STABLE Act Proposal
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
