Circle’s Allaire Seeks to Partner With More Merchants

Circle Internet Group Inc.’s Jeremy Allaire pointed out that a report that Walmart Inc. and Amazon.com Inc. are exploring the use of stablecoins is the type of fresh market opportunities available for the largest US issuer of the digital tokens.

“It’s a tremendous opportunity as the world connects to this new form of currency on the internet,” Allaire, co-founder and chief executive officer of the newly public company, said during a Bloomberg Television interview on Friday. “We see tremendous opportunities to collaborate with major technology firms, major payments companies, major financial institutions, and we already do.”

Stablecoins, which are ...