Circle to expand USDC into roughly 40 emerging markets as stablecoins go mainstream

Circle plans to launch USDC in approximately 40 emerging and developing countries, targeting Southeast Asia, Latin America, Africa, and the Middle East. USDC holds about 25% of the stablecoin market, with circulation rising 19% year-over-year to $73.3 billion in Q2. The expansion follows Circle's acquisition of Tazapay and a $100 million investment from Binance, as well as the recent acquisition of a federal banking charter.