Jeremy Allaire (CEO Circle) in an interview with WIRED: cryptocurrencies will become the "economic OS" of the world.
#WIRED published a large interview with Jeremy Allaire, CEO of Circle - the company behind stablecoin #2 - #USDC. In short, Allaire describes the next 5-10 years as a transition period for the global economy into a new mode, where crypto technologies will become the foundational level of infrastructure - just like the web, mobile devices, or the cloud.
The key idea of Allaire: Blockchains are becoming the "economic operating system of the internet," and money is turning into a platform application.
Allaire places cryptographic networks on par with major technological paradigms - Web, Mobile, Cloud, AI. In his opinion:
- crypto networks are a new type of OS, where built-in functions include not only computations but also economic operations;
- USDC is just the first layer providing stability and instant global settlements;
- the next step is "money as an app platform," where digital money becomes a full-fledged software environment for launching a new generation of financial services and business logic.
This whole idea is packaged in the Circle Arc project - a "neutral infrastructure platform" that the company is preparing as the foundation for the future internet financial system.
Allaire also emphasizes: regulation is a competitive advantage, not a limitation. He openly hints at the competitor, Tether, reminding that Circle is the "largest regulated stablecoin network," fully operating within the legal framework of the USA. The key point here is the adoption of the GENIUS law, which created a national standard for stablecoin regulation.
Allaire is confident that in 5-10 years we will live in an economy where:
- money is a native internet object;
- cross-border payments work like an API call;
- financial products are assembled like applications;
- AI systems interact with blockchains directly, using them as an economic environment;
- regulation creates "roads" along which mass infrastructure moves.
