Stablecoin issuer Circle is a US-based company, and 70% of its USDC adoption originates from non-US regions.
According to the estimations of Circle CEO Jeremy Allaire, some of the fastest growing areas are emerging and developing markets, which are not in the country that has been facing severe regulatory uncertainty.
Not Fixated on US
Allaire took to X (formerly Twitter) to reveal observing “strong progress” across Asia, LATAM, and Africa, highlighting the demand for “safe, transparent digital dollars.”
Circle isn’t the only company that has demonstrated not being particularly fixated on the US ecosystem. In fact, Tether’s chief technology officer, Paolo Ardoino, also echoed a similar sentiment when he earlier revealed the stablecoin company’s aim to position USDT as “a safe tool for emerging markets and developing countries, a life-life for many communities that are suffering from a heavy devaluation of their national currencies.”
Allaire’s remarks coincide with a
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