ChainCatcher news, Circle founder and CEO Jeremy Allaire recently responded to a user on X, stating: "Many people do not realize that cryptocurrencies actually represent infrastructure improvements in security, user control, and accountability. Discussions often focus on 'better, faster, cheaper,' but the underlying technological breakthroughs are related to security and robustness in many ways. Most regulators have also failed to understand this."

ChainCatcher news, according to CoinDesk, Circle CEO Jeremy Allaire stated in an interview that the stablecoin market could grow to between $5 trillion and $10 trillion over the next decade, accounting for 5% to 10% of the global money supply. Allaire expects that 2025 will be a pivotal year for stablecoin regulation, with relevant regulations anticipated to be introduced by G20 countries and many emerging markets by the end of 2025. He emphasized that stablecoin legislation enjoys bipartisan support in the U.S., and the payment stablecoin bill is at a very advanced stage.The USDC issued by Circle is the second-largest stablecoin by market capitalization, currently valued at $35 billion. Allaire noted that while USDC is popular in developed markets, it is also showing significant growth in emerging markets such as Latin America and Southeast Asia, particularly among fintech companies serving local businesses and households.He illustrated the use of USDC in cross-border payments and currency exchanges, such as local forex brokers using USDC to settle transactions between small and medium-sized enterprises, and facilitating hundreds of millions of dollars in energy orders between Middle Eastern suppliers and African buyers. Allaire stated, "We are in the early stages of stablecoin adoption, but in the next 10 to 20 years, this technology will become part of the global financial system."

ChainCatcher news, Circle co-founder Jeremy Allaire announced that Bradley Horowitz has joined the Circle board.Bradley Horowitz is a seasoned product and business leader, entrepreneur, and renowned seed investor in Silicon Valley. Bradley was responsible for search and media infrastructure at Yahoo and led the development of several popular products at Google.Jeremy Allaire stated that Bradley's humility, enthusiasm, creativity, and wisdom will make significant contributions to the company, and he looks forward to working with him to advance the construction of a new infrastructure platform for the internet economy.

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire announced on the X platform that he has joined the Web3 social platform Farcaster, with the username jda.eth.

ChainCatcher news, stablecoin issuer Circle CEO Jeremy Allaire stated that stablecoins could account for "10% of the global economic currency" in the next decade or longer.Allaire explained: "As the benefits of public chains and stablecoins become increasingly apparent, most of the world's largest payment companies are actively using this technology and exploring how to expand its use. Stablecoins are becoming an increasingly accepted form of digital currency, and by the end of 2025, stablecoins will hold an 'increasingly larger share' of the global $100 trillion electronic currency market, a goal that is achievable in the next decade or so."

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire stated on his social platform that he will announce and launch some very cool things at the New York Circle Forum tomorrow.

ChainCatcher news, according to Bloomberg, Circle CEO Jeremy Allaire stated in an interview that Circle is relying on a cash buffer of over $1 billion to help cope with new competition from non-cryptocurrency companies like PayPal, preventing further decline in the market share of the second-largest stablecoin USDC.It is reported that the circulation of Circle's dollar coin has decreased from $45 billion at the beginning of the year to about $26 billion.

ChainCatcher news, according to Bloomberg, Circle CEO Jeremy Allaire stated that Circle's revenue for the first half of this year was $779 million, surpassing the total of $772 million for the entire year of 2022.Circle's adjusted EBITDA for the first half of the year was $219 million, also exceeding the full-year revenue of $150 million in 2022. As of June, the company's balance sheet had over $1 billion in cash.

ChainCatcher news, Circle CEO Jeremy Allaire tweeted: "How many AIs are operating on-chain funding accounts today? With GPT-4 being able to generate very good smart contract code, and the GPT API being able to stack activities including code pipelines and deployments, I believe on-chain AI bots must have emerged in large numbers."ChainCatcher previously reported that the Solana Foundation announced the launch of a $1 million small-scale fund to explore new use cases combining the Solana blockchain and AI. (source link)

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire tweeted, "Circle has had no substantive contact with FTX and Alameda. FTX has been a customer of Circle Payment APIs for the past 18 months, providing card and ACH services for customer transactions, where Circle's crypto payment products have consistently utilized the BTC/ETH liquidity from FTX and other exchanges."Additionally, "Alameda has been a customer of Circle for years, using Circle's USDC services to create and redeem USDC. They have the same products and terms of use as all our institutional clients. Circle has never loaned to FTX or Alameda, has never received FTT as collateral, and has never held or traded FTT. Under no circumstances does Circle engage in proprietary trading. Circle is a minor shareholder of FTX, and FTX is a minor shareholder of Circle, but Circle is also a minor shareholder of Kraken, Coinbase, and Binance US." (source link)