Jeremy Allaire, CEO of stablecoin issuer Circle, recently accepted a 40-minute interview. He revealed that the dominance of the US dollar stablecoin market is a continuation of the global financial system. Most international trade, transactions and financial products are denominated in US dollars. The demand for stablecoins is naturally dominated by US dollars. In addition, the adoption rate of regional stablecoins such as the euro and the yen will slowly grow in the local market. Among them, Euro Coin has become the largest euro stablecoin in the market.
Jeremy Allaire also said that Hong Kong has become Circle's core business development area. As an important hub for global trade and capital flows, Hong Kong will help Circle's business development in the Asian market. Circle is currently establishing a currency exchange service in Hong Kong to facilitate local users to create and exchange USDC at any time. (Coindesk)