Circle CEO Jeremy Allaire believes stablecoins represent the most useful form of money ever developed.
But despite this, he argues the industry has yet to face the level of disruption that will truly reshape finance.
In a June 15 post on X, Allaire called stablecoins the “highest utility form of money ever created.” He added that while current adoption is strong, the real transformation still lies ahead.
Programmability Set to Trigger Next Wave of Innovation
Allaire’s comments came in response to a post by a16z Crypto partner Sam Broner. Broner highlighted the growing accessibility of financial technology and the low cost of programming money. “Anyone can program money now,” he wrote, emphasizing the value of open, permissionless platforms.
He noted that transaction speeds under one second and costs near one cent are crucial. However, Broner stressed that true disruption comes from the freedom to program and innovate—features that stablecoins are uniquely positioned to deliver.
Allaire echoed this view, suggesting that programmable stablecoins could revolutionize payment systems, banking models, and digital commerce.
Stablecoins to Drive Competitive, Open Financial Systems
The conversation points to a broader shift toward decentralized financial infrastructure. As the cost to build and deploy financial services continues to drop, programmable stablecoins could enable global competition and bring better services to users everywhere.
Circle, issuer of USDC, recently went public and is expected to play a leading role in this evolution. Allaire’s remarks highlight a growing belief among industry leaders that stablecoins—when combined with open programmability—could unlock a more efficient, accessible financial system worldwide.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/stablecoins-are-the-highest-utility-form-of-money-according-to-circle-ceo/