Woofun AI reports that Circle CEO Jeremy Allaire addressed the Open USD launch, characterizing stablecoins as a major global market opportunity reshaping internet value transfer. He affirmed a long-term bullish stance on the sector.

Circle plans to expand the USDC ecosystem by integrating with additional blockchains, enhancing cross-chain interoperability, and deepening ties with banks and capital markets. The firm welcomes industry competition while focusing on robust infrastructure and partner incentives to build a "stablecoin-native Internet financial system." CRCL shares previously dropped nearly 9% intraday.