Circle, the USDC stablecoin issuer, plans to expand into approximately 40 emerging and developing markets across Southeast Asia, Latin America, Africa, and the Middle East. This expansion follows a $400 million acquisition of Tazapay and a $100 million strategic investment from Binance. USDC circulation reached $73.3 billion in Q2 2026, a 19% year-over-year increase. Circle holds roughly 25% of the global stablecoin market, compared to nearly 60% for Tether’s USDT. CEO Jeremy Allaire is counting on the federal bank charter obtained in July and the US Genius Act, expected in January 2027, to position USDC as a legitimate digital dollar.
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