Stablecoins are on the brink of a technological revolution, according to Circle CEO Jeremy Allaire.
The highest utility form of money ever created. And we are not quite yet at the iPhone moment when developers everywhere realize the power and opportunity of programmable digital dollars on the Internet in the same way they saw the unlock of programmable mobile devices. Soon. https://t.co/tAKgDFrAbW
— Jeremy Allaire — jda.eth / jdallaire.sol (@jerallaire) June 14, 2025
In his view, developers have yet to grasp the potential of programmable money, much like the early days of mobile technology.
Allaire likened the current situation to the early stage of mobile technology development and described stablecoins as “the most useful form of money ever created.”
The Circle CEO’s comments followed a post by a16z partner Sam Broner, who noted that stablecoins are intensifying competition in the financial sector.
According to him, the ability to program money reduces the cost of creating fintech products, leading to better pricing, improved service quality, and expanded access for users.
a16z data analyst Daren Matsuoka provided statistics to support these claims.
Stablecoins now present what I believe is the first credible opportunity to onboard a billion people into crypto.
If you haven’t checked in on the latest stablecoin data recently, you might be surprised. Stablecoins have done $33 trillion in transaction volume in the last 12… pic.twitter.com/3E7uLEwwdQ
— Daren Matsuoka (@DarenMatsuoka) June 6, 2025
Over the past 12 months, stablecoin transaction volume has exceeded $33 trillion. This figure is nearly 20 times PayPal’s transaction volume and three times that of Visa. According to Matsuoka, stablecoin turnover is approaching the levels of the U.S. ACH interbank transfer system.
Matsuoka believes that stablecoins are the key to widespread cryptocurrency adoption.
“This is perhaps the first real opportunity to bring a billion people to the market,” he stated.
Earlier in June, the e-commerce platform Shopify, in partnership with Coinbase and Stripe, added the ability to accept USDC payments from Circle.