{"id":82967,"date":"2023-08-12T14:17:05","date_gmt":"2023-08-12T11:17:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82967"},"modified":"2025-09-12T08:11:30","modified_gmt":"2025-09-12T05:11:30","slug":"circle-ceo-says-web3-is-ready-to-go-mainstream","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/circle-ceo-says-web3-is-ready-to-go-mainstream\/","title":{"rendered":"Circle CEO says Web3 is ready to go mainstream"},"content":{"rendered":"<p>\\n<\/p>\n<p>Jeremy Allaire, CEO of Circle, the issuer of the stablecoin <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a>, said that most internet companies and brands will begin integrating Web3 into their services.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"821\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-08-12-v-13.58.37-1024x821.png\\\" alt=\\\"Snimok-ekrana-2023-08-12-v-13.58.37\\\" class=\\\"wp-image-213478\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-08-12-v-13.58.37-1024x821.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-08-12-v-13.58.37-300x240.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-08-12-v-13.58.37-768x615.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-08-12-v-13.58.37.png 1198w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Data: <a href=\\\"https:\/\/twitter.com\/jerallaire\/status\/1690027675778510848\\\">X<\/a>.<\/figcaption><\/figure>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<cite>\\&#8221;Now we see that Web3 is ready to become mainstream. We are going through the phase of connecting to broadband, with scalability, usability and security; everything is getting significantly better,\\&#8221; he wrote.<\/cite><\/p><\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Allaire believes that most fintech startups, payments companies and financial institutions will use Web3 for tokenization, payments and applications.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to Circle&#8217;s CEO, stablecoins and crypto wallets are at an early stage. To develop these segments of the industry, more Web3 applications and services are needed, he added.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<cite>\\&#8221;For this, we need significantly more developers who can build Web3 applications. There are 100 million developers today, of whom only 500,000 are active Web3 developers \u2014 that&#8217;s 0.5%.\\&#8221; he noted.<\/cite><\/p><\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>To this end Circle <a href=\"https:\/\/u1f987.com\/en\/news\/circle-launches-wallet-as-a-service-platform-for-web3-developers\">launched a programmable-wallet service<\/a>, which will help Web 2.0 developers port the Web3 wallet experience to their iOS and Android apps.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, Allaire warned that the US dollar&#8217;s status as the world reserve currency could be at risk if Congress does not advance passage of a stablecoins bill.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Circle says it has a $1 billion safety cushion to weather competition in the stablecoins market.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Since the start of the year, USDC&#8217;s market capitalisation has fallen from $44.5 billion to $26.2 billion. The main rival\u2014USDT from Tether\u2014has risen to $83.4 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle CEO Jeremy Allaire said that most internet companies and brands will start integrating Web3 into their services.<\/p>\n","protected":false},"author":1,"featured_media":82968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,1138,1110],"class_list":["post-82967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-opinions","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82967"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82967\/revisions"}],"predecessor-version":[{"id":82969,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82967\/revisions\/82969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82968"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}