Circle CEO: USD Stablecoin Can Expand US Global Influence

BlockBeats News, March 5th, according to FOX Business, as the first-ever White House crypto summit is set to take place later this week, investors are watching for any policy moves regarding cryptocurrency reserves.

Stablecoin issuer Circle's co-founder and CEO Jeremy Allaire is bullish on the future of digital currency, believing it will become a "superpower" and have a "profound" impact.

"The US dollar stablecoin can expand America's global influence," Jeremy Allaire stated.

"We have digitized everything: digital media, digital communications, software information, and all this digitization allows information and communication to flow freely globally. But in the field of money, we have not yet achieved this. Digital currency offers us a completely new way, and the impact on the United States, small businesses, and ordinary families will be profound," he continued.