Circle CEO Allaire Maps Stablecoins’ Next Act as Global Payment Rails

TLDR:  Circle Payments Network hit a $14.7B annualized run rate, rising 76% quarter over quarter by Q2-end. USDC circulation reached $73.3B at Q2-end, while quarterly onchain transaction volume surged 151% to $14.8T. Visa’s stablecoin settlement pilot reached a $7B annualized run rate after expanding across nine blockchains. Circle’s network enrolled 175 institutions, while Nium extended [...]

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