Circle CEO Jeremy Allaire stated that the US is close to becoming a global leader in crypto innovation and development. In his posts on social media platform X, Allaire stated that the government’s hostile attitude towards the digital asset sector is over.
US Poised to Lead in Crypto
Allaire noted that many people think the US is not the right place to establish a company in this sector and that the government is hostile. However, he disagreed and emphasized that the US is about to be the decisive leader in building and supporting this technological and financial revolution.
Jeremy Allaire: “Many people say that the US is not the right jurisdiction to establish a company in this sector and that the current government is hostile to this industry. I think the opposite. I think we are at a turning point and the US is about to be the decisive leader in building and supporting the financial revolution.”
The Rise of Stablecoins to the Mainstream
Allaire stated that 2024 was a turning point for stablecoins and that these crypto assets made a real breakthrough in terms of usage. He predicted that stablecoins would become mainstream in 2025.
Announcing that they have moved Circle’s headquarters to New York, Allaire expressed his belief that stablecoins will form the basis of global economic activities in the next century. He also emphasized the importance of investing in the US and New York.
Jeremy Allaire: “We are investing in New York. We are investing in America. We believe very strongly that this infrastructure that we are collectively building – this new internet financial system – will be the foundation of global economic activity and coordination for the next century.”
Expectations for 2025 and Beyond
Allaire reiterated that 2024 is the turning point in crypto, and stablecoins are making a real breakthrough, while 2025 will be the year when this technology becomes mainstream.
“2024 was a watershed year for crypto; a year where stablecoins really took off in scale, importance, and usage. 2025 will be the year it goes mainstream.”
Allaire’s views suggest that the US is aiming for leadership in the cryptocurrency sector and that stablecoins will play a growing role in the global economy. This approach could accelerate developments in the sector and lead to wider adoption.
In summary, Jeremy Allaire’s perspective highlights the potential impact of cryptocurrencies and stablecoins on the global economy. The potential for the US to lead this technological revolution could be a critical step in the evolution of financial systems. This positive approach in the sector is likely to foster innovation and lead to wider adoption.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
