Circle plans to expand into roughly 40 emerging and developing countries, CEO Jeremy Allaire told Reuters, saying blockchain is entering a mainstream scaling phase. USDC holds about 25% of the stablecoin market versus roughly 60% for Tether's USDT, and its circulation rose 19% year over year to $73.3 billion in the second quarter. Circle has resources for the push, including its $400 million acquisition of payments firm Tazapay and a $100 million strategic investment from Binance. It secured a federal banking charter in July, which sent its stock higher. Allaire called the GENIUS Act, set to take effect in January, "a watershed moment," but warned that AI raises security risks for financial infrastructure.
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