[Circle CEO Says Stablecoins Can Address Inefficiencies in Cross-Border Payments] Circle CEO Jeremy Allaire stated on 'The David Rubenstein Show' that traditional bank cross-border remittances face issues such as high fees, slow speeds, and multiple intermediaries, whereas stablecoins can enable instant, low-cost, peer-to-peer transactions. Using Turkey as an example, he pointed out that local residents tend to hold digital dollars to hedge against the risk of local currency depreciation. He also believes that in the future, software tools based on open internet infrastructure may compete with traditional banks, which could transform by integrating blockchain technology.