Key facts
- Circle is targeting expansion into approximately 40 developing markets.
- CEO Jeremy Allaire cited increasing demand for stablecoins in Southeast Asia, Latin America, Africa, and the Middle East.
- USDC's share of adjusted stablecoin transaction volume rose to over 60% in 2026.
- Circle agreed to acquire cross-border payments platform Tazapay for $400 million.
Stablecoin issuer Circle is planning to expand into approximately 40 developing markets, according to CEO Jeremy Allaire. He stated that markets in Southeast Asia, Latin America, Africa, and the Middle East are experiencing growing demand for stablecoins as businesses and individuals seek to participate in the internet-based economy. Allaire spoke on Friday on the sidelines of the IMF and World Bank meetings in Bangkok, noting that the company is moving into a mainstream scaling phase for blockchain technology. Analysts at Bernstein have expressed optimism about Circle's growth prospects, particularly for its USDC stablecoin, forecasting a new growth cycle driven by factors including renewed crypto market momentum and potential regulatory clarity.