TechFlow News - On March 16, according to Bloomberg Originals' "The David Rubenstein Show," Circle CEO Jeremy Allaire stated that traditional cross-border bank transfers have pain points such as high fees, slow speed, and multiple intermediaries, while stablecoins can enable instant, low-cost peer-to-peer transactions. Using Turkey as an example, he pointed out that local residents tend to hold digital dollars to hedge against the risk of their local currency devaluation. He believes that in the future, software tools based on open internet infrastructure are expected to compete with traditional banks, but banks may also achieve transformation by integrating blockchain technology.