Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report
Summary
Circle CEO Jeremy Allaire says the stablecoin issuer plans to expand into about 40 developing markets across Southeast Asia, Latin America, Africa and the Middle East, where demand is growing among businesses and individuals seeking access to the internet-based economy. Circle sees blockchain moving from early adoption toward mainstream growth. USDC remains the second-largest dollar-backed stablecoin, but Bernstein estimates its share of adjusted stablecoin transaction volume has risen from about 40% in 2025 to over 60% in 2026. Circle has also agreed to acquire payments platform Tazapay for $400 million in stock, with closing expected in 2027.
