Circle's CEO Says Stablecoins Will Drive "the Greatest Acceleration of Economic Activity" Ever. Here's Why He Might Be Right.

Circle (NYSE: CRCL), the issuer and operator of the USD Coin (CRYPTO: USDC) stablecoin, recently posted a strong fourth-quarter report that crushed analysts' expectations. Its revenue and reserve income surged 77% year over year, while its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) skyrocketed 412%. During the conference call, Circle's CEO, Jeremy Allaire, predicted stablecoins would "drive the greatest acceleration of economic activity" in "human history". That's a ...