Jeremy Allaire, CEO of Circle, a stablecoin company, has declared that blockchain systems are the new infrastructure layer of the internet and that stablecoins are at its core, providing value that is “nearly instant, nearly free and global in scale.” Allaire believes this tech is reaching a level where millions can use it without having to understand its complexity.
Circle’s Jeremy Allaire: Stablecoins Are the ‘Critical Element’ for a New Internet Financial System
Jeremy Allaire, the CEO of Circle, the issuer of the second largest stablecoin of the cryptocurrency market, believes that stablecoins will become the pivot of a new blockchain-based economic system. In an article written as part of the World Economic Forum meetings at Davos, where Circle is participating, Allaire laid his beliefs about the future of blockchain networks and the significance of stablecoins for this surging economy.
Circle’s CEO remarked that this year, the interest in blockchain networks has peake
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