Circle CEO Jeremy Allaire has highlighted the accelerating adoption of stablecoins within the global banking system as institutions move from pilot phases to actual deployment. Allaire projects a long-term annual compound growth rate of approximately 40% for stablecoins, viewing this as a reasonable benchmark. He expressed caution towards predictions of stablecoins reaching multi-trillion dollar scales in the short term, emphasizing that growth is primarily driven by practical uses in payments and settlements rather than speculative demand. This perspective aligns with ARK Invest's research, which suggests that dollar stablecoins are increasingly replacing other crypto uses in emerging markets.