On September 18th, Circle co-founder and CEO Jeremy Allaire said during the roundtable discussion on the theme of "The Next 3 Years in Crypto" on the first day of the main venue of TOKEN2049: In version 1.0 of Circle's vision, this is basically a world where value is stored and transferred at zero marginal cost. In this world, the user experience of transacting on these mediums will be as simple and seamless as the user experience we have with major software tools on the Internet. We're not quite there yet, but we're very close. But I think we'll make progress on related utilities over the next year. I feel that as we approach that point (the 1.0 version envisioned), the velocity of money in the world and the real economy will increase significantly, and if we have this extremely high velocity of money, the ability of people to reap economic benefits from it will be significant. I think it's still early days, and despite the huge progress in decentralized finance (DeFi), we're still just beginning to explore this space. I compare it to when iPhone launched, when there were a lot of ideas around mobile devices.