Circle CEO Jeremy Allaire says the US is poised to become a global leader in crypto innovation and development.
In a new thread on social media platform
“Many complain that the United States is not the right jurisdiction to build a business in our industry, and that the current administration here remains hostile to this industry. I couldn’t disagree more.
My view is that we are at an inflection point and the US is poised to become THE decisive leader in building and sustaining this technological and financial revolution.”
According to Allaire, the turning point of 2024 was the breakthrough of stablecoins, or crypto assets pegged to a fiat currency such as the US dollar. He says stablecoins will become mainstream by 2025.
Allaire, who also announced the move of Circle’s headquarters to New York, says he believes stablecoins will serve as the foundation for global economic activity for the next century.
“We invest in New York. We invest in America. We believe that the infrastructure we are building together – this new Internet financial system – will provide the foundation for the next hundred years of global economic activity and coordination.
2024 was a watershed year in crypto, a year in which stablecoins truly broke through in size, importance and use. 2025 will be the year this becomes mainstream.”
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Generated image: Midjourney