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Circle CEO: USDC Remains the Most Trusted Stablecoin Globally, Will Continue to Expand Ecosystem and Welcome Market Competition

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On July 1, Jeremy Allaire, co-founder and CEO of Circle, stated that as the internet continues to reshape the global infrastructure for storing and transferring funds, stablecoins will become one of the largest market opportunities worldwide. This is also the core reason behind Circle's establishment and ongoing development of the world's largest compliant stablecoin network. Allaire emphasized that USDC remains the most trusted and widely used stablecoin for institutions, with thousands of partners across various sectors including banking, payments, capital markets, and enterprises. Circle will continue to expand the USDC ecosystem by supporting more blockchain networks, enhancing cross-chain interoperability, and encouraging more partners to participate in the economic value sharing of the USDC network. Additionally, Allaire mentioned that Circle welcomes ongoing innovation and competition in the stablecoin space and will continue to expand support for more dollar and non-dollar stablecoins through its Arc, CCTP, StableFX, Circle Wallets, and CPN initiatives, promoting the construction of an internet financial system centered around stablecoins.
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