The internet had a greater impact on the world than anyone could have imagined, providing humanity with instant access to the world’s knowledge, and digital currency holds the same kind of transformative promise. Over the coming years, digital currency will fundamentally change the way we pay for things, from a cup of coffee to multimillion dollar business transactions.
By allowing billions of people to safely and seamlessly transfer money to nearly anyone with a phone and internet connection, stablecoins like USDC are poised to offer the next great wave of opportunities on a more level playing field, globally.
Dollar strength supports global prosperity
For generations, the strength of the dollar has supported prosperity for American families. Dollar stability has become a cornerstone of the global financial system, supporting billions of dollars in economic activity every day. But as more businesses around the globe come online, competition for what currency gets used on the internet is increasing.
The faster money can move around the world, the more economic growth can happen. Digital dollars like USDC are online today, serving hundreds of organizations and millions of people that want to use dollar stablecoins for all kinds of business. But without crypto regulation and a stablecoin bill from the United States, the world’s largest economy, other countries could start to fill the rapidly growing demand for payment stablecoins.
A stablecoin bill for America
In this film, Circle CEO Jeremy Allaire calls for stablecoin regulations that will build trust in digital dollars, so that America can continue to lead the world economy for decades to come. Will the dollar be the currency of the internet? Learn how USDC is already supporting the continued strength of the dollar online, or visit Circle Stories to see how Circle is bringing USDC to more businesses and people in need around the world.