Circle CEO proposes the concept of 'new physics of currency' and supports stablecoins without interest payments

Jeremy Allaire, co-founder and CEO of Circle, stated at the Davos Forum that payment based stablecoins are defined as "cash instruments" for payment and settlement within the framework of the United States and the European Union, and issuers are not allowed to pay interest. He supports this design. He believes that subsidizing users in the form of "rewards" in the market will not lead to a depletion of bank credit, and cites the example of money market funds not destroying bank credit. In addition, Jeremy Allaire proposed the concept of "new physics of currency", believing that stablecoins can increase the speed of capital circulation, and that in the future, society may need a smaller monetary base to support economic activities. He also predicted that billions of AI agents will participate in economic activities in the next 3 to 5 years.