Circle CEO Allaire says issuer targeting 40 developing markets for stablecoin expansion

Circle CEO Jeremy Allaire stated the company is seeking to enter approximately 40 developing markets across Southeast Asia, Latin America, Africa and the Middle East amid rising demand for stablecoins. Bernstein analysts noted USDC's share of adjusted stablecoin transaction volume rose from about 40% in 2025 to over 60% so far in 2026, overtaking USDT by that measure. Circle also agreed to acquire Singapore-based cross-border payments platform Tazapay in a $400 million all-stock deal expected to close in 2027.