Circle plans to expand into approximately 50 emerging and developing markets, with USDC circulation at about $73.3 billion

Odaily reports that stablecoin issuer Circle plans to expand into approximately 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 about $73.3 billion, accounting for roughly one-quarter of the stablecoin market; USDT's market share is close to 60%, higher than that of USDC.

Circle's $400 million acquisition of Tazapay, the newly launched Arc blockchain, and its approval for a federal trust bank charter are expected to support its market expansion; a clearer regulatory environment is driving stablecoin adoption. (CoinDesk)