Circle CEO: Stable Coins Could Account for 5-10% of Global Money Supply in the Next Decade

The stablecoin market could grow to between $5 and $10 trillion within a decade as digital currencies grow in adoption and increasingly become part of the global financial system, Circle CEO Jeremy Allaire said. Allaire said he expects stablecoins to capture a 5-10 per cent share of the $100 trillion global money supply over the next decade as the technology spreads in a similar way to Web2 innovations such as online video and online shopping. We are in the early stages of stablecoin adoption, but over the next decade or two, the technology will become part of the global financial system,’ he said.