Stablecoins: The Next Big Thing, According to Circle CEO

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So, apparently, the world of stablecoins is about to have its “iPhone moment,” according to Circle CEO Jeremy Allaire. 📱💰 He’s comparing it to the 2007 launch of the iPhone, which, let’s be real, changed everything. Right now, digital dollar developers are on the edge of their seats, but not everyone’s ready to jump in just yet. 🤷‍♀️

Major retailers and fintech firms are dipping their toes in the water. The next few months will tell us if programmable money is going to be the next big thing or just another tech fad. 🤞

Major Retailers Eye Stablecoins

According to some whispers, Walmart and Amazon are quietly exploring their own US dollar-backed coins. 🛍️💰 This move has put stablecoins on the radar of every merchant and payment provider. It’s like when everyone suddenly realized they needed a TikTok account. 🤷‍♂️

Shopify, for its part, is planning to let merchants accept USDC by June 13. A select group of sellers will get early access through a collaboration with Coinbase. Shopify CEO Tobi Lutke said they think stablecoins are a natural way to pay online, and they’ve built a smart contract to make it work. 🤓

Shopify will enable USDC (Stablecoins on @Base) in Checkout via Shopify Payments and Shop Pay. Early access starts today, roll out throughout the year.

We think that stablecoins are a natural way to transact on the Internet and worked with coinbase to develop the commerce…

— tobi lutke (@tobi) June 12, 2025

Developers Still On the Sidelines

According to Allaire, we’re “not quite yet” at the point where every coder sees programmable dollars as a go-to tool. Teams still rely on card networks and bank APIs because, well, they work and they’re familiar. 🤷‍♂️

The highest utility form of money ever created. And we are not quite yet at the iPhone moment when developers everywhere realize the power and opportunity of programmable digital dollars on the Internet in the same way they saw the unlock of programmable mobile devices. Soon.

— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) June 14, 2025

To really get the ball rolling, stablecoin platforms will need better software kits, clearer guidelines on legal and tax rules, and more success stories. Once these pieces are in place, developers might finally move from curiosity to full-blown adoption. 🚀


Volume Hits $33 Trillion Milestone

Data scientist Daren Matsuoka points out that stablecoins have processed about $33 trillion in transactions over the past year. That’s almost 20 times more than PayPal and nearly three times the volume Visa handled. 🤯

Stablecoins now present what I believe is the first credible opportunity to onboard a billion people into crypto.

If you haven’t checked in on the latest stablecoin data recently, you might be surprised. Stablecoins have done $33 trillion in transaction volume in the last 12…

— Daren Matsuoka (@DarenMatsuoka) June 6, 2025

Those numbers are hard to ignore. If this trend continues, it could change the way people send money, shop online, or even trade cryptocurrencies. 🤑

Meanwhile, Circle’s debut on the New York Stock Exchange on June 5 showed that investors are hungry for winners in this space. The stock soared over 160% on its first day of trading. That surge sent a message: if stablecoins do hit a mass-adoption moment, the payoff could be huge. 💰🚀

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2025-06-15 19:01