TREE NEWS update: Circle CEO Jeremy Allaire said the USDC issuer plans to enter roughly 40 emerging and developing markets, citing rising demand in Southeast Asia, Latin America, Africa and the Middle East. Allaire gave the figure in comments to Reuters. The stablecoin issuer is targeting markets where dollar-denominated digital assets are seeing growing use.
Circle Plans Entry Into About 40 Emerging Markets, CEO Says
The scale of Circle's stated ambition matters less than the direction: a USDC issuer moving deliberately into markets where dollar access, not crypto speculation, is the demand driver. That shifts the competitive ground toward distribution and local payment rails rather than trading venues, and puts Circle in closer proximity to remittance corridors and banks in those regions. Whether the roughly 40-market figure translates into actual licensing and local partnerships — or remains a stated intention — is the open question.
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