Jeremy Aller, CEO of Circle, predicts that stablecoins will account for 10% of the global financial market within 10 years. The 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 significant 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. According to the World Population Review, stablecoins currently only account for 0.2% of the $80 trillion currency market. In order to reach the experts’ predicted 2034% within 10 years, the average growth rate of the stablecoin market must reach 47.7%, not including the potential profits of the entire currency market.
