Jeremy Allaire, the CEO of Circle (a stablecoin company), expressed an opinion: stablecoins might be the best kind of money ever invented by humanity. However, he believes that the industry has not yet reached its 'iPhone moment'—a turning point similar to when the iPhone emerged and completely transformed the mobile phone industry.
But he is quite optimistic, thinking that this moment is coming soon. He said that when that point is reached, developers will be able to harness 'programmable digital dollars', which will open up tremendous opportunities across the entire internet.