【Market Update】Circle targets expansion of USDC into around 40 emerging markets: CEO Allaire said on October 16 that the goal is to cover Southeast Asia, Latin America, Africa, and the Middle East. Specific countries and timelines have not yet been announced. In terms of data, USDC circulation stood at around $72.7 billion (as of October 12), with $73 billion in reserves; on-chain transaction volume in Q2 was $14.8 trillion, up 151% year over year. The strategy uses two channels: a proposed acquisition of Tazapay to strengthen local payment networks, alongside a renewed five-year agreement with Binance to expand distribution and reach. Will emerging markets become the main engine of USDC’s next wave of growth?
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(Source: CryptoDaily)
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