The post Stablecoins to go mainstream like the iPhone in 2007 says Circle CEO appeared on BitcoinEthereumNews.com.

Circle’s Jeremy Allaire believes the stablecoin industry is on the brink of mass developer adoption, with major retailers and fintech innovators entering the space. According to Circle CEO Jeremy Allaire, stablecoins could soon reach their breakthrough moment, akin to the iPhone’s launch in 2007. In a post on Saturday, Allaire said the industry is “not quite yet at the iPhone moment” when developers universally recognize the potential of programmable digital dollars. However, he acknowledged that the day was fast approaching. Calling stablecoins “the highest utility form of money ever created,” Allaire’s remarks responded to a post from a16z Crypto partner Sam Broner, who argued that stablecoins foster competition and reduce the costs of building financial applications. Broner noted that stablecoins allow anyone to program money, fostering more competition, which leads to better prices, improved user experiences, and greater access. Retail giants and e-commerce leaders embrace stablecoins Allaire’s optimism coincides with reports that US retail giants Walmart and Amazon are exploring their own US dollar-backed stablecoins, signaling increased institutional interest. Meanwhile, e-commerce powerhouse Shopify recently confirmed plans to integrate Circle’s USDC stablecoin for payments by the end of 2025. The global e-commerce giant is rolling out the early access in collaboration with major US exchange Coinbase. According to a spokesperson for Shopify, a limited number of merchants will immediately have access to the full product starting on June 13 as part of the early access rollout. Shopify CEO Tobi Lutke said in an X post on Thursday that they think that stablecoins are a natural way to transact on the internet and worked with Coinbase to develop the commerce payment protocol smart contract that powers this work. Daren Matsuoka, a data scientist at a16z, emphasized the transformative potential of stablecoins in onboarding the next billion crypto users. In a June 6…

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Filed under: News - @ June 15, 2025 8:10 am