The post Circle CEO Jeremy Allaire Predicts Stablecoins Will Have An “iPhone Moment” Very Soon ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

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&nbsp Jeremy Allaire, Circle CEO, commented that he felt stablecoins were on the verge of having a breakout moment reminiscent of the 2007 iPhone launch. Allaire said the community is not quite experiencing an iPhone moment regarding using stablecoins. He said we’ll know when we’ve reached that moment when developers universally recognise the value of programmable dollars. Circle is the issuer of the widely used stablecoin USDC. Allaire believes that stablecoins are on the verge of being widely recognised worldwide. Allaire responded to a post by Sam Broner, partner at a16z Crypto, who stated that stablecoins improve competition and enable companies to build low-cost financial applications. Broner further commented that stablecoins allow anyone to program money, which leads to better access to economic applications. Sam Broner, partner at a16z Crypto, stated that fixed and marginal costs of creating a financial startup are now significantly cheaper due to the accessibility of stablecoins. Broner argued that stablecoins enable better competition in the FinTech market, lower product prices, and benefit the community overall. These comments by Broner and Allaire come as Walmart and Amazon plan to release their dollar-backed stablecoins. E-commerce giant Shopify announced it will integrate Circle’s USDC stablecoin by the end of 2025. There seems to be a lot of momentum gearing up behind stablecoin adoption. Allaire believes the hype is significant and indicates further progress in using stablecoins. Circle was listed on the New York Stock Exchange on June 5, jumping 165% in price due to traders buying the newfound stocks. There is a keen interest in crypto and AI companies on the stock market, adding to the speculative value of crypto stocks. Circle CEO Allaire believes the excitement has just begun and will culminate in an iPhone-like event. Advertisement

&nbsp Stablecoins have been building momentum…

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Filed under: News - @ June 15, 2025 4:19 pm