Circle chief executive Jeremy Allaire thinks additional regulatory clarity will pave the way for increased stablecoin adoption in 2024.
In a new interview with CNBC International TV, Allaire predicts that the recent approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the US will act as “the tide that lifts all boats” in the crypto sector.
The Circle CEO notes stablecoins remained resilient throughout the crypto space’s turbulence over the past few years.
“What I can say about stablecoins and what we’ve seen in the market is really a lot of people were paying attention to a lot of the scandals in this industry, and failures and bankruptcies, but at the same time, we were seeing tremendous progress being made in continued technology development.
And this is a little bit like after the dot com boom and bust – people ignored consumer internet e-commerce, but actually the technology continued to develop, and so we saw that happen last year, and we’ve seen stablecoi
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