Circle CEO Jeremy Aller predicts that stablecoins will account for 10% of the global financial system within 10 years. This significant growth potential is attributed to the revolution in payment systems by major participants and the increasing benefits of stablecoins on public blockchains.
Aller states that stablecoins have a substantial market because they can reach people outside of the banking industry, reduce remittance costs, and facilitate cross-border trade. He expects stablecoins to represent a share of $100 trillion in the global electronic currency market by 2025.
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BRICS: Bitcoin Could Completely Change the World of Finance – International Monetary Fund
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Report
According to the “World Population Review,” stablecoins currently only account for 0.2% of the $80 trillion currency market. To reach the experts’ predicted 2034% in 10 years, the average growth rate of the stablecoin market must reach 47.7%, excluding the potential profits of the entire currency market.
