Circle Plans Push Into 40 Emerging Markets as Stablecoins Go Mainstream, CEO Says
Summary
Circle plans to expand USDC into about 40 emerging and developing countries, citing rising demand across Southeast Asia, Latin America, Africa and the Middle East. CEO Jeremy Allaire said the stablecoin market is moving toward mainstream adoption. USDC circulation reached $73.3 billion in the second quarter, up 19% year over year, giving it about 25% of the market versus Tether’s roughly 60%. Circle is backing expansion with its Tazapay acquisition and Binance investment, while pointing to US regulatory developments, including the GENIUS Act. Allaire also cited AI-driven payments as a potential source of USDC demand and warned that AI poses security risks to financial systems.
