DECRYPT · 2026-10-16 18:55 UTC

Circle Plans Push Into 40 Emerging Markets as Stablecoins Go Mainstream, CEO Says

Circle plans to expand into roughly 40 emerging and developing countries, with CEO Jeremy Allaire stating blockchain is entering its 'mainstream scaling phase.' USDC holds 25% of the stablecoin market compared to Tether's 60%, with circulation rising 19% year-over-year to $73.3 billion in Q2. Circle secured a federal banking charter in July and is leveraging the GENIUS Act, set to take effect in January, as a regulatory tailwind for growth.

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