In an interview with CNBC Sara Eisen on the sidelines of the Future Investment Initiative 2025 in Saudi Arabia, Circle Internet Group (CRCL) Jeremy Allaire on being asked about USDC stablecoin noting that usage has expanded in 2025 with demand in emerging market very significant, singled out the Middle East noting that businesses use digital dollars to move value quickly across trading partners.

He also referenced regulatory steps that position the company to operate in The Middle East and support institutions that want on-chain dollar rails. He also linked momentum to policy clarity, saying recent U.S. legislation for payment stablecoins has helped larger companies integrate stablecoin payments, FX, and credit workflows.

During the Future Investment Initiative 2025, Allaire launched Arc, which he noted in the CNBC interview as the economic Operating System for the internet because core financial workflows are moving on chain and need predictable costs and performance.

He said Arc is built for payments, foreign exchange, lending, and capital-markets activity, with dollar-denominated fees, sub-second settlement, and privacy controls meant to let enterprises shield sensitive balances or flows when required. The public testnet went live Oct. 28, with mainnet targeted for 2026 after builders trial smart contracts, transaction flows, and token launches.

According to Allaire, Arc supplies a dollar-priced, high-throughput environment for stablecoin-native finance, while USDC serves as the settlement and fee unit developers can plan around.

The discussion came as Saudi Minister of Municipalities and Housing noted that in the future stablecoins will be used for investing in real estate in the Kingdom.