Circle CEO “Stablecoin, Iphone moment imminent…Leads innovation in internet currency”

Stablecoin is finally ready to meet the 'iPhone moment', announced Circle CEO Jeremy Allaire. On June 15th (local time), according to Cointelegraph, Allaire, the head of Circle, the issuer of USDC and recently listed on the New York Stock Exchange, emphasized the popularization and industrial impact of stablecoins, saying, “Programmable digital dollar will bring innovation of the same level that iPhone did in mobile to the internet financial ecosystem.”

He analyzed that “The developer ecosystem is not yet fully equipped like the early days of the iPhone, but that turning point is imminent,” and added, “The currency with the highest utility will dominate the market.”

Sam Broder, partner at a16z (Andreessen Horowitz), a leading Silicon Valley venture capital, also evaluated that stablecoin induces fintech competition. He said, “Anyone can now program money, and as the cost of building fintech decreases, services offering better prices and user experiences are emerging.”

The movement of global distribution companies is also accelerating this evaluation. According to the Wall Street Journal (WSJ), Walmart and Amazon are reviewing issuing their own stablecoin, and Shopify plans to introduce Circle USDC payments by 2025. This is interpreted as a major change that can shake the existing card network-centered payment order.

Allaire CEO's remarks suggest that it is the dawn of the ‘programmable money era’, not just a future prediction, but already close to the realization stage. Beyond the investment asset role of Bitcoin and Ethereum, stablecoin is now entering the stage of implementing the function of ‘digital real money’ and reorganizing the financial ecosystem in real life.