Circle CEO Allaire Says Stablecoin Push Targets 40 Developing Markets

Circle is looking to expand its stablecoin business into roughly 40 developing markets, positioning the company for what CEO and chairman Jeremy Allaire described as a shift from early experimentation to broader “mainstream scaling” of blockchain-based payments. Speaking to Reuters from the sidelines of the IMF and World Bank meetings in Bangkok, Allaire said demand for stablecoins is rising across Southeast Asia, Latin America, Africa, and the Middle East as businesses and individuals look for ways to participate in an internet-based economy.

Source: Crypto Breaking News