What is Circle CEO Jeremy Allaire's vision for the future of cryptocurrency?

Allaire envisions cryptocurrency evolving into an 'economic OS for the internet,' enabling 'money as an app platform' for a new digital economy.

How does Circle's USDC stablecoin benefit global finance?

USDC offers a stable, fast, and cost-effective way to transfer money across borders, especially beneficial in countries with unstable currencies.

When does Jeremy Allaire expect the new digital financial system to emerge?

Allaire predicts that the transition to this new economic system will be a significant part of the internet's evolution over the next five to ten years.

Home / Business and Economy / Crypto's Next Leap: 'Money as an App Platform' is Here

Crypto's Next Leap: 'Money as an App Platform' is Here

5 Dec

•

Summary

Circle CEO envisions cryptocurrency as a new economic operating system.
Stablecoins like USDC offer faster, cheaper global money transfers.
The transition to a digital financial system is expected within 5-10 years.

Crypto's Next Leap: 'Money as an App Platform' is Here

Circle cofounder and CEO Jeremy Allaire anticipates a transformative era for the global economy, with cryptocurrency at its core. He posits that blockchain technology represents a new 'economic OS,' akin to the web or mobile operating systems, that will underpin future financial systems. Circle is developing Arc, an "economic OS for the internet," designed to be a neutral platform for blockchain innovations.

Stablecoins, such as Circle's USDC, are highlighted as a superior method for international money transfers, offering speed and cost-efficiency, especially in regions with volatile local currencies. While USDC is pegged to the US dollar and ensures stability, Allaire views it as a foundational element for broader digital economic advancements.

The ultimate vision is "money as an app platform," a concept expected to foster a new, purely digital economy. This transition, according to Allaire, is not a distant prospect but a significant development anticipated to unfold over the next five to ten years, reshaping the internet's financial landscape.