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Stablecoin Market Growth Predicted by Circle's Allaire Amid OUSD Challenge

Guavy AI Editorial Team
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Circle's CEO Jeremy Allaire predicts the stablecoin market will grow from around $1 trillion to tens of trillions in value over the coming years.

USD Coin, Circle's flagship stablecoin and the second-largest in the world, has seen significant growth, with its revenue expected to nearly double from 2025 to 2028.

However, Circle faces a major challenge in the form of Open USD (OUSD), a new stablecoin backed by a coalition of over 140 financial, tech, and retail giants, including Coinbase. OUSD's decentralized management model and zero-cost minting could undermine Circle's market dominance.

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