Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report

Circle CEO Jeremy Allaire reportedly said the stablecoin issuer plans to expand into roughly 40 developing markets across Southeast Asia, Latin America, Africa and the Middle East, citing rising local demand for stablecoins. The move would extend USDC's reach into regions where dollar-pegged tokens are increasingly used for remittances and savings amid currency instability. Traders would watch this as a potential boost to stablecoin adoption and USDC's competitive position against Tether, though no specific timelines or figures were disclosed.