Jeremy Allaire, the co-founder and CEO of Circle, has made a bold prediction about the future of stablecoins. He believes that these digital currencies will make up a significant part of the global financial system within the next decade. This prediction is based on the rapid growth and adoption of stablecoins, which have already become a major player in the financial ecosystem.

Allaire highlights the key role that stablecoins have played in unleashing digital dollars and bringing more people into the on-chain economy. They have also reduced the costs of remittances and enabled seamless cross-border commerce. He predicts that stablecoins will become legal electronic money globally by 2025, representing approximately 10% of global economic money.

The Circle CEO is optimistic about the future of stablecoins, citing the rapid progress that has been made in the past couple of years. He believes that in the next ten years, stablecoins will continue to grow and become an integral part of the global financial system. This growth will be driven by the increasing adoption of stablecoins by organizations and governments, as well as the development of new technologies and innovations.

The prediction of stablecoins making up 10% of global economic money is a significant one, and it highlights the potential for these digital currencies to transform the way we think about money and finance. As Allaire asks, "What does it look like when 10% of global economic money is stablecoins, and when credit intermediation moves from fractional reserve lending to onchain credit markets built from the ground up on safer, digital cash instruments?" The answer to this question will likely be a significant shift in the way we think about money and finance, and it will be exciting to see how this plays out in the coming years.