Circle targets 40 new markets as stablecoin demand grows globally

Circle CRCL , the company behind the world's second-largest stablecoin, USDC, plans to expand into about 50 emerging and developing markets as demand for digital dollars increases. CEO Jeremy Allaire told Reuters in an interview Friday that businesses and individuals across Southeast Asia, Latin America and the Middle East are increasingly turning to stablecoins for payments and other financial services. "We're kind of going through an inflection point...a transition right now," Allaire said.