Circle CEO Sees Stablecoins Reaching ‘iPhone Moment’, Implying Wide-Scale Adoption

Circle CEO Jeremy Allaire believes stablecoin technology is poised for a breakthrough, likening its current state to the early days of the iPhone. He argues that like the iPhone’s potential unlocked developer tools and widespread adoption, stablecoins have untapped potential waiting for improved infrastructure and development support. Allaire highlights stablecoins as possessing the highest utility in money ever created, but acknowledges greater developer adoption remains ahead. The comments follow growing recognition of stablecoin advantages in financial services.