The stablecoin issuer’s CEO Jerermy Allaire told Reuters demand for digital dollars is growing across Asia, Africa and Latin America as banks and payment firms.

• Circle plans to expand into about 50 emerging and developing markets as demand for digital-dollar payments grows across Southeast Asia, Latin America and the Middle East.
• USDC has about $73.3 billion in circulation and roughly a quarter of the stablecoin market, trailing Tether’s USDT, which holds nearly 60 percent.
• Circle’s $400 million acquisition of Tazapay, new Arc blockchain and federal trust bank approval are expected to support its expansion as clearer regulations encourage stablecoin adoption.

CEO Jeremy Allaire told Reuters in an interview Friday that businesses and individuals across Southeast Asia, Latin America and the Middle East are increasingly turning to stablecoins for payments and other financial services.

"We're kind of going through an inflection point...a transition right now," Allaire said. "That transition is essentially moving from the early adopter phase of blockchain technology into the mainstream scaling phase."

The expansion comes as stablecoins, cryptocurrencies designed to maintain a fixed 1:1 value against traditional currencies, move beyond crypto trading into everyday payments and international money transfers. For Circle, entering more markets means competing directly with banks and payment companies for a share of the cross-border money market.

Circle’s USDC has about $72.6 billion in circulation, according to CoinDesk data. It controls roughly a quarter of the stablecoin market, compared with nearly 60% for Tether's USDT.

Circle has already agreed to buy Singapore-based payments firm Tazapay for $400 million, giving it access to local banking and payment networks across more than 100 markets. The deal could help Circle expand in countries where Tether's USDT has traditionally dominated. The company also launched its own blockchain, Arc, designed for payments and financial transactions, and secured U.S. federal trust bank approval in July.

Allaire said clearer regulations, including the U.S. GENIUS Act governing stablecoins, are encouraging wider adoption. Banks are also developing their own digital currencies, something he welcomed.

"There's a very, very long time where the banking industry fought successfully to keep other people out, and I think they are no longer in charge, and the innovators are having their day," he said.

Allaire also pointed to growing use of USDC by artificial intelligence agents, software programs that can independently make small payments for information and online services.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.