Jeremy Allaire, CEO of Circle, a stablecoin issuer, recently revealed in a 40-minute interview with foreign media that the dominance of the US dollar stablecoin in the market is a continuation of the global financial system. Most international trade, transactions, and financial products are priced in US dollars, so the demand for stablecoins is naturally dominated by the US dollar. In addition, the adoption rate of regional stablecoins such as the euro and the yen will gradually grow in local markets. Among them, Euro Coin has become the largest euro stablecoin in the market.
Jeremy Allaire also stated that Hong Kong has become a core business development region for Circle, and Hong Kong, as an important hub for global trade and capital flow, will help Circle's business development in the Asian market. Currently, Circle