In a keynote at Hangzhou International Blockchain Week 2020, Circle CEO Jeremy Allaire discussed the evolution of digital currencies and their potential to transform the global financial system. He detailed how the growth of public blockchain infrastructure and stablecoins has set the stage for mainstream digital currency adoption, emphasizing the need for advancements in user experience, blockchain scalability, and regulatory standards. Allaire highlighted Circle's efforts to connect traditional fiat money with digital currencies, which involved extensive work with regulators to ensure compliance and build a seamless transaction infrastructure. He outlined the development of CENTRE, a consortium responsible for creating standards for fiat digital currencies like USDC, which has seen rapid adoption. Looking forward, Allaire sees a future where improved user experiences, scalable blockchain architectures, and clear regulatory frameworks will drive widespread use of digital currencies, potentially leading to hybrid central bank digital currencies. This vision includes the integration of global economies, including China's, through seamless digital currency systems.