Circle Plans Expansion into About 50 Emerging and Developing Markets, USDC Circulation at Approximately $73.3 Billion

Stablecoin issuer Circle plans to expand into about 50 emerging and developing markets to meet growing demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East. USDC circulation stands at approximately $73.3 billion, accounting for about a quarter of the stablecoin market; USDT's market share is near 60%, higher than USDC's. Circle acquired Tazapay for $400 million, launched the new Arc blockchain, and received a federal trust bank charter, which are expected to support its market expansion; a clearer regulatory environment is driving stablecoin adoption.