Circle CEO Jeremy Allaire: The internet is colliding with the financial system

Financial Performance - Circle's total revenue grew 52% year-over-year [1] - USDC in circulation grew 90% year-over-year to the end of Q2 [6] - USDC year-to-date growth was 49% [7] Stablecoin and Treasury Market - Stablecoins need to be backed by something, typically treasuries [10] - The advent of stablecoins could boost the treasury market because more people will need to buy treasuries to back the stablecoins [10] - Stablecoin money is going to be a very safe, fully reserved form of money [12] Future Growth and Market Outlook - Analysts estimate stablecoin money growth (CAGR) ranges from 25% to 90%, with an average CAGR of 60% [7] - Circle would be happy to grow 40% a year [7] - The internationalization of digital dollars is a major growth driver [15] - There is global demand for holding and transacting with digital dollars [16]