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Circle CEO Jeremy Allaire stated that the "Clarity for Payment Stablecoins Act" is not "dead" and that stablecoins could address the approximately $60 trillion cash market.
Circle CEO and co-founder Jeremy Allaire outlined his grand vision for the digital dollar in an interview with Bloomberg, stating that stablecoins are poised to address the approximately $60 trillion cash market. He explained how Circle can scale without the CLARITY Act and called blockchain finance an "irreversible mega-trend." Allaire also detailed the launch of Arc, which already has hundreds of companies participating.
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