The American financial technology company Circle Internet Group, the issuer of USDC stablecoin, intends to expand its activities to about 40 developing markets, counting on the growth of demand for digital payments and dollar stablecoins - reports Fixygen.
As Chairman of the Board of Directors and CEO of Circle Jeremy Allaire told Reuters on October 16, 2026, the company is considering Southeast Asia, Latin America, Africa and the Middle East as priority areas of international expansion.
According to him, the blockchain industry is moving from the stage of initial development of technologies to their mass commercial application. The main sources of demand are cross-border payments, international trade, corporate settlements and consumer financial services.
To strengthen its position in new markets, Circle previously entered into an agreement to acquire Singaporean payment company Tazapay for approximately $400 million. The agreement, announced on September 8, provides access to an international settlement infrastructure covering more than 100 markets and more than 60 banking and fintech partners.
According to Circle, the annual volume of Tazapay payment transactions at current rates exceeds $25 billion, and about 60% of transactions are already related to the use of stablecoins.
Completion of the acquisition is expected in 2027 after obtaining the necessary regulatory approvals.
In addition, on September 22, Circle announced the expansion of cooperation with the cryptocurrency exchange Binance, which invested $100 million in the company. The parties signed a new five-year agreement, which provides for the expansion of USDC distribution, primarily in developing countries.
According to Reuters data, as of the second quarter of 2026, the volume of USDC in circulation increased by 19% year-on-year, reaching $73.3 billion.
Circle controls about a quarter of the global market stablecoins, inferior to the main competitor Tether, whose share is about 60%.
The company is also developing its own Arc blockchain infrastructure, designed for corporate settlements, tokenization of financial assets and international payments.
BlackRock, Visa and Standard Chartered are named among the financial organizations participating in the development and use of the Arc infrastructure.
The expansion of the stablecoin market is supported gradual formation of the regulatory framework. In the USA, the GENIUS Act was passed, which regulates the issue of payment stablecoins. Its main provisions should come into force in 2027.
At the same time, competition is growing from traditional banks that are developing their own digital payment instruments and infrastructure of tokenized deposits.
According to market participants, the expansion of the use of stablecoins can significantly change the structure of international settlements due to shortening the time of transactions and reducing dependence on traditional correspondent banking networks.
Circle Internet Group is an American public financial technology company founded in 2013. year Specializes in the development of blockchain-based payment infrastructure and the issuance of USDC and EURC digital currencies. The company's shares are listed on the New York Stock Exchange under the ticker CRCL.
