Stablecoin issuer Circle plans to expand into about 50 emerging and developing markets, targeting rising demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East, according to ChainCatcher. The move comes as USDC circulation stands at about $73.3 billion, giving it roughly a quarter of the stablecoin market. Tether’s USDT still leads by a wide margin, with market share nearing 60%.
The input also says Circle has taken several steps that are expected to support the expansion. Those include its $400 million acquisition of Tazapay, the launch of the Arc blockchain, and approval for a federal trust bank charter. ChainCatcher said a clearer regulatory environment is also helping drive stablecoin adoption. The report frames Circle’s latest push as part of a broader effort to capture payment demand in regions where digital dollar usage is growing.
Stablecoin issuer Circle plans to expand into about 50 emerging and developing markets to meet rising demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East, according to ChainCatcher.
USDC position in the stablecoin market
The input says USDC has a circulation of about $73.3 billion, accounting for roughly one-quarter of the stablecoin market. USDT remains ahead, with market share close to 60%, above USDC.
Steps tied to the expansion plan
Circle has acquired Tazapay for $400 million, launched the Arc blockchain, and received approval for a federal trust bank charter. According to the input, those moves are expected to support its market expansion.
Regulatory backdrop
The input also states that a clearer regulatory environment is driving stablecoin adoption.
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