Stablecoin issuer Circle is seeking to enter about 40 developing markets, according to CEO and chairman Jeremy Allaire, who told Reuters on the sidelines of the IMF and World Bank meetings in Bangkok that the industry is moving from early adoption to mainstream scaling. Demand for stablecoins is rising in Southeast Asia, Latin America, Africa and the Middle East. Bernstein analysts are bullish and expect a new growth cycle for USDC over the next 12 months; USDC's share of adjusted stablecoin transaction volume rose from about 40% in 2025 to more than 60% in 2026, overtaking USDT on that measure, though USDC remains the second-largest dollar-backed stablecoin by market capitalization behind Tether. Circle also agreed to acquire Singapore-based cross-border payments platform Tazapay in a $400 million all-stock deal expected to close in 2027.
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