Circle’s CEO Jeremy Allaire has revealed that US customers only account for 30% of stablecoin USDC’s adoption. This may come as a surprise to many, considering that Circle and its USDC token have been thought to majorly be focused on the US market, especially considering its close ties with Coinbase, the largest crypto exchange in the US.
Non-US Markets Driving Adoption
Allaire revealed in his tweet that non-US markets are, in fact, the ones driving USDC’s adoption.
According to him:
Despite the hype that we’re all about the US, we estimate that 70% of USDC adoption is non-US, and some of the fastest growing areas are emerging and developing markets. Strong progress happening across Asia, LATAM and Africa. Demand for safe, transparent digital dollars is strong.
This is a further testament to the fact that the crypto market outside the US is growing rapidly. Besides USDC’s adoption, Allaire’s reference to Asia, LATAM, and Africa proves that more and more countries
We współpracy z: https://bitcoinist.com/usdc-adoption-by-us-customers/
