According to ShibDaily, Jeremy Allaire, CEO of Circle, predicts that stablecoins will soon attract as much developer interest as the iPhone did, marking a significant shift in digital finance innovation. Following Circle's listing on the New York Stock Exchange, Allaire shared his insights on stablecoins in a post on X, responding to a16z Crypto partner Sam Broner. Broner argued that stablecoins enhance competition within the financial system. Allaire described stablecoins as "the highest utility form of money ever created," suggesting that the potential of programmable digital dollars on the Internet is yet to be fully realized, akin to the early days of programmable mobile devices.

Broner highlighted that technological advancements have reduced the costs of developing fintech applications, allowing more individuals to create financial products. This increased accessibility, he argued, fosters competition, leading to better pricing, user experience, and broader financial inclusion. He emphasized that "permissionless programmability" will transform the market. The comments from Allaire and Broner coincide with reports that major retailers like Walmart and Amazon are considering issuing their own U.S. dollar-backed stablecoins for customer use. Additionally, Shopify plans to integrate Circle's USDC stablecoin into its payment system, with completion expected by the end of 2025.