Circle CEO affirms USDC is a neutral layer, not a competitor to Visa or Mastercard

At the World Economic Forum, Allaire confirmed that USDC is viewed as a cooperative infrastructure. He highlighted the idea of stablecoins as network effect entities that gain traction as more institutions adopt them.

Allaire noted uncertainties regarding payment business models with advancing technology. He indicated that as technology progresses, particularly AI’s involvement, the future implications for stablecoins remain to be seen.

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