Circle’s Allaire: Stablecoin firm targets 40 emerging markets

Circle ’s CEO and chairman, Jeremy Allaire, says the stablecoin issuer is preparing to expand into roughly 40 developing markets, positioning the company for what he describes as a shift from early blockchain experimentation to wider, mainstream usage. Speaking to Reuters on Friday on the sidelines of the IMF and World Bank meetings in Bangkok, Allaire framed the move as part of a broader “transition” that should increase stablecoin demand as businesses and individuals look for ways to participate in an internet-based economy. Key takeaways Circle is targeting expansion into about 40 developing markets, according to Jeremy Allaire.

Source: Crypto Breaking News