Jeremy Allaire, chief executive of stablecoin issuer Circle, said stablecoins could account for 10 per cent of "global economic money" over the next decade or more. Mr. Allaire identified several factors that could trigger exponential growth in stablecoin adoption "over the next 10 years". As the benefits of public blockchains and stablecoins become apparent, most of the world's largest payment companies are actively using the technology and exploring ways to expand its use, Mr. Allaire said. Allaire said the potential market was in the "billions of dollars" and that unleashing digital dollars on blockchain could fulfil the promise of banking for the unbanked, reduce money transfer costs and enable seamless cross-border trade. Stablecoins are becoming an increasingly accepted form of digital currency and will account for a "growing share" of the global $100 trillion e-money market by the end of 2025. According to World Population Review, the $162 billion stablecoin market now accounts for 0.2% of the $80 trillion market.