Crypto: Stablecoins on Track to Conquer 10% of the Monetary Market

The massive adoption of stablecoins could redefine global payments and the economy in the coming years, according to the CEO of Circle. This transition would disrupt traditional financial systems by promoting inclusion and efficiency.

Stablecoins, drivers of the future monetary revolution?

Jeremy Allaire, the CEO of Circle, makes a bold prediction: by 2034, stablecoins could represent up to 10% of the world’s money supply. An ambitious but achievable projection considering the catalysts already driving the rapid adoption of this class of crypto assets.

The irresistible rise of digital payments is one of these key drivers. According to Allaire, major payment companies are actively studying the integration of stablecoins, attracted by the advantages of blockchain technology.

« Most of the world’s largest payment companies are actively using this technology and are studying how to expand their use as the benefits of public chains and stablecoins become evident to everyone »

Their practicality for cross-border payments and the financial inclusion of unbanked populations are major catalysts. The addressable market amounts to billions of dollars.

With a current market capitalization of $162 billion, stablecoins represent only 0.2% of the global money market of $80 trillion. But according to Allaire’s projections, their share should significantly increase by the end of 2025 as they establish themselves as a significant form of crypto.

A promising future for Stablecoins and the entire crypto market

To achieve the forecast of 10% by 2034, the stablecoins market will need to show a minimum compound annual growth rate of 47.7%. A titanic challenge, but feasible given the recent exponential adoption. 

Record monthly volumes of stablecoins transfers, multiplied by 16 in just 4 years to reach $1.68 trillion in April 2024, reinforce these promising prospects.

Beyond stablecoins, Allaire sees crypto adoption exploding within 10 years to reach billions of users on millions of applications. He even does not rule out that some blockchain companies could surpass traditional multinationals.

A monetary and economic revolution to watch closely with optimism according to the CEO of Circle. A bold vision that could permanently transform the established financial systems.