Circle CEO Jeremy Allaire Reaffirms Long-Term Focus on Stablecoins After Open USD Launch

Circle co-founder and CEO Jeremy Allaire posted comments that appeared to respond to the launch of Open USD, saying stablecoins are reshaping the infrastructure for storing and circulating money alongside the internet and represent a major potential market opportunity. According to Odaily, Allaire said he remains firmly optimistic about the stablecoin sector over the long term. Circle said it will continue expanding the USDC ecosystem by connecting to more blockchain networks, improving cross-chain interoperability, and strengthening integration with traditional finance, including banks, payment companies, and capital markets institutions. The company also said it aims to further standardize stablecoin infrastructure, while welcoming ongoing innovation and competition in the industry. Circle added that it plans to focus on building more complete stablecoin infrastructure and improving partners’ ecosystem participation and economic incentive mechanisms, with the stated goal of advancing a “stablecoin-native internet financial system.” Earlier, Circle’s stock ticker CRCL fell nearly 9% intraday, which Odaily said may have been influenced by news of competition from Open USD.