Circle CEO Jeremy Allaire says that the US is on the cusp of becoming a global leader in crypto innovation and development.
In a new thread on the social media platform X, the co-founder of the USDC stablecoin issuer says that the US is nearing a “turning point” where the government is no longer hostile toward the digital assets industry.
“Many complain that the United States is not the right jurisdiction to build a company in our industry, and that the current government here remains hostile to this industry. I couldn’t disagree more.
My view is that we are at a turning point, and that the US is about to become THE decisive leader in building and supporting this technology and financial revolution.”
According to Allaire, the turning point of 2024 was the breakthrough of stablecoins, or crypto assets pegged to a fiat currency such as the US dollar. He says that in 2025, stablecoins will become mainstream.
Allaire, who also announced the move of Circle’s headquarters to New York, says that he believes stablecoins will serve as the bedrock of global economic activity for the next century.
“We are investing in New York. We are investing in America. We believe strongly that the infrastructure we are collectively building – this new internet financial system – will be the foundation for the next hundred years of global economic activity and coordination.
2024 has been a turning point year in crypto, a year when stablecoins started to truly break out in scale, importance and usage. 2025 will be the year when this goes mainstream.”
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