Глава Circle: опасения регуляторов о стейблкоинах – абсолютный абсурд Translation: Head of Circle: Regulators Concerns About Stablecoins Are Absolute Nonsense

Interest payments on «stablecoins» do not pose a threat to the banking system. This was stated by Circle CEO Jeremy Allaire during the World Economic Forum in Davos, where he described concerns about potential deposit outflow as «complete nonsense.» According to him, reward systems enhance customer loyalty, but their impact is insufficient to undermine monetary policy.

Allaire drew a parallel with government money market funds, which have previously faced similar warnings about capital flight from banks. Despite those concerns, the sector grew to $11 trillion, and lending continued unabated.

The Circle CEO pointed out that the borrowing landscape is already evolving. Financing is shifting from banks to private lending and capital markets, which have accounted for a significant portion of the U.S. GDP growth in recent cycles, rather than bank loans.

Allaire also highlighted artificial intelligence as a key driver for the widespread acceptance of digital assets. Billions of AI agents will require an automated payment system. In his view, stablecoins have «no alternatives» in this space.

A similar viewpoint was expressed at Davos by former Binance CEO Changpeng Zhao, who emphasized the importance of using cryptocurrencies for transactions between neural networks.

Additionally, in January, Anthony Scaramucci, the founder of SkyBridge Capital, explained how U.S. banks are undermining stablecoins in favor of China.