Circle Plans to Enter About 40 New Markets as USDC Demand Grows
Circle's CEO says the USDC issuer aims to expand into roughly 40 emerging and developing markets, including across Africa, as demand for digital dollars rises.
AfroEuropa Newsroom
AfroEuropa desk
Circle, the company behind the USDC stablecoin, intends to enter about 40 new emerging and developing markets as interest in on-chain payments and digital dollars increases, according to reporting by BitKE and CoinDesk citing comments from CEO and Co-Founder Jeremy Allaire to Reuters.
Allaire spoke on the sidelines of the International Monetary Fund and World Bank meetings in Bangkok. He said the industry was shifting from early adoption toward mainstream use, driven by individuals and businesses seeking access to internet-based financial services. CoinDesk reported that demand for digital dollars is growing across Asia, Africa and Latin America, including among banks and payment firms.
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