Circle CEO Jeremy Allaire predicts a quick rise of the stablecoins. The man's company runs second largest stablecoin out there - our beloved USDC - so it's not a surprise Allaire is bullish. But he has some rather interesting arguments.

Allair took to X to reveal four reasons why he is 'more optimistic about crypto and stablecoins than ever before.'

According to Circle's chief, stablecoins could account for 10% of “global economic money” over the next ten years.

The biggest reason for that would be the adoption by most of the world’s largest payments companies. They are actively using stablecoins and trying out the benefits of blockchain for their business. We're talking about 'billions market', Allaire thinks.

He also claims that unleashing digital dollars on blockchains can fulfill the promise of banking the unbanked.

Remittance costs will be lowered and seamless cross-border commerce will become available for everyone, said Allaire.

Of course, all of that means global crypto adoption, including Bitcoin and leading altcoins. But Circle's chief predicts that stablecoins will become an increasingly accepted form of digital money.

According to Allaire, stablecoins will make up a “larger and larger portion” of the world’s $100 trillion market for electronic money within the next 10 years.

Analysts note that for Allaire’s 10% prediction to come true by 2034, the stablecoin market would need to grow at least at a compounded annual growth rate of 47.7%.

As of now, USD Coin (USDC) — a U.S. dollar stablecoin issued by Allaire’s Circle — currently has a $32.8 billion market cap. It's the second largest stablecoin in the world behind Tether's USDT.