Circle CEO Allaire says stablecoin issuer targeting 40 developing markets

Circle's push into 40 developing markets is a bet that dollar-access demand, not crypto speculation, is now the durable growth engine for stablecoins. It matters most in regions where local currency volatility makes dollar-pegged tokens a practical tool, and it puts Circle in more direct competition with local payment channels and other issuers. The open question is execution: whether regulatory treatment and banking rails in each market allow the model to scale, or whether adoption stays informal.