At the World Economic Forum in Davos, Circle CEO Jeremy Allaire explained that the company sees USDC
In an interview with CNBC’s Squawk Box, he said that Circle works alongside companies like Visa and Mastercard and called them “significant partners” rather than rivals.
Allaire described stablecoins as systems that grow through use and noted that their value increases as more developers and institutions adopt them.
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He emphasized that Circle operates as a neutral company, not in direct competition with banks, payment processors, or exchanges.
He also reflected on how stablecoins might reshape financial systems in the long run. He said, “Over time, the cost of storing and moving money around goes to zero”.
Allaire added:
In that future world, where AI agents are doing the money movement, it’s going to be hard to know exactly what the payment business model is over that period of time.
When asked about progress on the Digital Asset Markets Clarity bill in the United States, Allaire said he believes there is genuine bipartisan interest in passing it.
He added that the proposed legislation goes beyond stablecoins and addresses how digital tokens fit within financial markets.
Changpeng Zhao, former head of Binance
$6B
and co-founder of YZi Labs, spoke about asset tokenization with several national governments at the same forum. What did he say? Read the full story.
