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Circle targets 40 developing markets as stablecoins enter mainstream scaling phase

Circle plans to expand its USDC stablecoin into approximately 40 emerging markets across Southeast Asia, Latin America, Africa, and the Middle East, driven by rising demand from banks and payment firms.

Graphic depicting the USDC stablecoin logo next to a world map highlighting Latin America, Africa, the Middle East, and Southeast Asia with connecting network lines.
Image: @LarkDavis

Circle is preparing to expand into approximately 40 emerging and developing markets worldwide, according to chief executive officer Jeremy Allaire in comments made to Reuters. The expansion targets regions including Southeast Asia, Latin America, Africa, and the Middle East, where organic demand for digital dollars has grown steadily among banks and payment firms.[2][3][5]

Allaire characterized the cross-border push as an inflection point marking the transition of stablecoins from their early adopter phase into a period of mainstream scaling. Industry coverage also noted that entering these developing economies could help accelerate broader blockchain adoption, digital economy integration, and financial inclusion.[1][6][8]

The international rollout comes as USDC activity expands across global networks. According to research from Bernstein cited by crypto commentator Lark Davis, USDC has accounted for more than 60% of adjusted transaction volume in 2026 despite maintaining a smaller market capitalization of $72.5 billion compared to Tether's $183.4 billion.[7]

Key facts

  • Circle CEO Jeremy Allaire told Reuters the company is targeting expansion into about 40 emerging and developing markets.
  • The targeted expansion covers Southeast Asia, Latin America, Africa, and the Middle East.
  • Allaire linked the expansion to increasing organic demand for digital dollars from banks and payment companies.
  • Allaire described the push as an inflection point signaling the shift from early adoption to a mainstream scaling phase for stablecoins.
  • Bernstein reported that USDC processed more than 60% of adjusted transaction volume in 2026 despite having a $72.5 billion market cap compared to USDT's $183.4 billion.

Sources · 8 sources

  1. CB

    Crypto BriefingArticle ·

    Circle targets 40 new markets as stablecoin demand surges globally Circle's expansion into emerging markets could accelerate global blockchain adoption, enhancing financial inclusion and digital economy integration. The post Circle targets 40 new markets as stablecoin demand surges globally appeared first on Crypto Briefing .

    Open source
  2. DE

    DecryptArticle ·

    Circle Plans Push Into 40 Emerging Markets as Stablecoins Go Mainstream, CEO Says Circle CEO Jeremy Allaire told Reuters the USDC issuer plans to enter about 40 emerging and developing markets, citing rising demand in Southeast Asia, Latin America, Africa and the Middle East.

    Open source
  3. CO

    CoindeskArticle ·

    Circle targets 40 new markets as stablecoin demand grows globally The stablecoin issuer’s CEO Jerermy Allaire told Reuters demand for digital dollars is growing across Asia, Africa and Latin America as banks and payment firms.

    Open source
  4. CT

    Coin TelegraphArticle ·

    Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report Markets in Southeast Asia, Latin America, Africa and the Middle East see increasing demand for stablecoins.

    Open source
  5. CO

    CoinMarketCap@CoinMarketCapPost on X ·

    LATEST: ⚡️ Circle CEO Jeremy Allaire says the company is pushing into about 40 emerging markets across Southeast Asia, Latin America, Africa and the Middle East, citing rising organic demand for stablecoins. https://t.co/Qjybd85RGn

    Open source
  6. CO

    CoinDesk@CoinDeskPost on X ·

    INSIGHT: @Circle CEO @jerallaire says $USDC is entering around 50 emerging markets across Southeast Asia, Latin America and the Middle East, calling it “an inflection point” from early adopter phase to mainstream scaling, per Reuters. https://t.co/5NZLj2nGIK

    Open source
  7. LD

    Lark Davis@LarkDavisPost on X ·

    Circle is targeting 40 developing markets across LatAm, SE Asia, Africa, and the Middle East, according to CEO Jeremy Allaire. Even though $USDC ($72.5B) is much smaller than $USDT ($183.4B) by market cap, Bernstein reports it now handles over 60% of adjusted transaction volume in 2026.

    Open source
  8. CO

    Cointelegraph@CointelegraphPost on X ·

    🔥 BIG: Circle CEO Jeremy Allaire says the USDC issuer is eyeing around 40 new developing markets across Southeast Asia, Latin America, Africa and the Middle East as stablecoins hit the "mainstream scaling phase." https://t.co/kWUGdaccMb

    Open source