DeepTide TechFlow News: On March 16th, according to Bloomberg Originals' "The David Rubenstein Show" program, Circle CEO Jeremy Allaire stated that traditional cross-border remittances have pain points such as high fees, slow speeds, 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 are more inclined to hold digital dollars to hedge against local currency depreciation risks. 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.