Circle plans to expand into 50 emerging markets, with a USDC circulation of approximately $73.3 billion

Stablecoin issuer Circle plans to expand to approximately 50 emerging and developing markets to meet the demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East. The circulating volume of USDC is about 73.3 billion US dollars, accounting for about a quarter of the stablecoin market; The market share of USDT is close to 60%, higher than that of USDC. Circle's acquisition of Tazapay for $400 million, launch of Arc blockchain, and approval of a federal trust banking license are expected to support its market expansion.