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The co-founder and CEO of Circle, Jeremy Allaire, has made a bold prediction that the company-issued stablecoin is on track to surpass payments giant PayPal in terms of transacted dollar value.
The comments came in an April 6 tweet in which Allaire alluded to the on-chain transaction volume for USDC over the past year, which he reported as over half a trillion dollars.
He added that this was already about half of the total payment volume for PayPal in 2020, hinting that a ‘flippening’ could be coming soon.
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