Circle CEO: Stablecoin needs open standards to transform business models

According to BeInCrypto, Circle Internet Financial CEO Jeremy Allaire said that for digital currencies of legal value to truly change global trade, a set of standards is needed, such as those that enable instant data transmission on the Internet. Allaire believes that stablecoins will be more revolutionary than electronic payments in the last century. Programmable currencies do not have the high volatility of bitcoin, making a variety of new financial relationships possible.