Circle CEO Jeremy Aller emphasized the potential impact of artificial intelligence (AI) and encryption technology on the growth of the Gross Domestic Product (GDP) in the United States.
In a recent analysis, Aller pointed out that while traditional economic tools, such as reducing interest rates, can stimulate borrowing and industrial investments, their effectiveness in today’s digital landscape is uncertain due to various factors.
The analyst highlighted that innovations in the field of artificial intelligence and cryptocurrencies, such as digital ledgers and cryptographic proofs, offer effective risk management solutions that could improve global financial systems.
He speculated that these advancements could potentially contribute more significantly to GDP growth than specific technological improvements, such as AI alone.
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Discussing regulatory challenges, Aller noted the widespread adoption of artificial intelligence and crypto technologies on a global scale despite ongoing regulatory restrictions.
He cited examples such as the European Union’s regulation on crypto asset markets (MiCA), which limits certain stablecoins. Despite these obstacles, Circle has secured key licenses, positioning its stablecoins, such as USDC and EURC, to play a crucial role in regional financial ecosystems.
Looking ahead, Aller remains optimistic about the transformative potential of artificial intelligence and cryptocurrencies in stimulating economic expansion. He believes that ongoing innovations in these sectors will inevitably strengthen GDP growth, although it will take time and regulatory adaptation to fully realize their potential.
