Jeremy Allaire, co-founder of Circle says “Our view is that all fiat currency will be crypto.”

Circle is a peer-to-peer payments technology company founded by Jeremy Allaire and Sean Neville in October 2013. The mobile payment platform Circle Pay allows users to hold, send and receive traditional fiat currencies.  In February, Circle acquired Poloniex, a US-based cryptocurrency exchange platform.

“In the coming years, we expect to grow the Poloniex platform beyond its current incarnation as an exchange for only crypto assets. We envision a robust multi-sided distributed marketplace that can host tokens which represent everything of value: physical goods, fundraising and equity, real estate, creative productions such as works of art, music and literature, service leases and time-based rentals, credit, futures, and more.” – Circle reports.

In May, Circle announced their USD Coin, saying “A price-stable currency, such as a token pegged to the US dollar, is critical for enabling mainstream adoption of blockchain technology for payments as well as for supporting maturation in financial contracts built on smart contract platforms, such as tokenized securities, loans, and property.”

“Our focus with fiat stablecoins is we really think of it as a core building block for a crypto native global digital economy,” Allaire said.

Every currency in the world — from the U.S. dollar to the Chinese yuan — will have its own cryptocurrency version, the CEO of fintech firm Allaire said.

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