Jeremy Allaire CEO Circle: “The iPhone Moment for Stablecoins is Coming Soon!”
Jakarta, Pintu News – Jeremy Allaire, CEO of Circle, recently made an interesting comparison between the current state of stablecoins and the early days of the iPhone. It wasn’t until its launch, but at the point when developers started building various applications on it. This change was the point when potential turned mainstream.
Check out the full information below!
Stablecoins: The Future of Digital Finance
According to Allaire, stablecoins are the highest utility form of money ever created. However, the pivotal moment when developers around the world realize the power and opportunity of programmable digital dollars on the internet, similar to when they realized the potential of programmable mobile devices, has yet to fully arrive.
Allaire was responding to Sam Broner, partner at a16z Crypto, who has made a strong argument for how stablecoins could totally transform the fintech industry.
Broner emphasized that stablecoins don’t just excel in speed or lower fees. What matters most is their openness. The ability to program without permission, he believes, is what changes the game.
Read also: Can Bitcoin Treasury Change the Future of Finance?
Adoption by Large Retailers
Allaire’s optimism isn’t just limited to what the developers can do. It’s also about who else is involved. Recent reports suggest that Walmart and Amazon are exploring dollar-backed stablecoins.
This shows two of the biggest retailers in the world seriously considering programmable money as part of their payment infrastructure. Shopify, on the other hand, is already more advanced. The company has confirmed that it is working with Coinbase to launch USDC payments.
The first wave of access began on June 13. A wider rollout is expected before the end of 2025. Shopify CEO Tobi Lutke stated that stablecoins are a natural way to transact on the internet.
Also read: XRP Price Prediction June 16, 2025: Potentially Rise to $7, Can It?
Regulation as the Final Push
On the policy side, there have also been developments. The GENIUS Act, which is short for Guiding and Establishing National Innovation for US Stablecoins, aims to create clear rules for stablecoin issuance in the United States. The bill focuses on collateral standards and anti-money laundering compliance.
If passed, this could open the door for more institutions to issue or use stablecoins without having to worry about the regulatory environment. Allaire doesn’t claim that the moment has arrived.
He says it’s just around the corner. And given what’s going on, with developers experimenting, big tech being tested, and regulations taking shape, he’s likely not wrong.
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Reference
- Circle CEO Says Stablecoins Will Soon Reach ‘iPhone Moment’. Accessed on June 16, 2025
- Featured Image: Crypto News
