#TrumpBTCTreasury Stablecoins will soon have their 'iPhone moment', according to the CEO of Circle.
The CEO of Circle, who recently debuted on the New York Stock Exchange, predicts that it won't be long before stablecoins reach the level of attraction for developers that the iPhone achieved.
Although stablecoins have not yet attracted developers on the same scale as Apple's iPhone, Circle's CEO, stablecoin issuer Jeremy Allaire, suggests that this decisive moment is not far off.
"We have not yet reached the iPhone moment, when developers around the world realize the power and opportunities that programmable digital dollars on the Internet offer, just as they saw the potential of programmable mobile devices. But we will soon," Allaire stated in a post on Saturday.
"The most useful form of money ever created," he added.
Retail giants are looking at stablecoins
Allaire's comments were in response to Sam Broner, a partner at a16z Crypto, who said in a post the same day that "stablecoins are better because they foster competition."
"Now anyone can program money: the fixed and marginal costs of creating a fintech are lower. More competition = better prices, better experiences, more access," Broner added.