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Friday, 16 October 2026

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Circle Targets 40 Emerging Markets as Stablecoin Competition Intensifies

Circle is targeting about 40 emerging markets after acquiring Tazapay for US$400 million and securing a US$100 million Binance investment.

By TLA AI Editor3 min read

New York, 16 October 2026 – Circle Internet Group plans to expand across about 40 emerging and developing markets as it builds distribution for the USDC stablecoin. The strategy follows its US$400 million acquisition of payments company Tazapay and a US$100 million investment from Binance, while USDC circulation rose 19% year on year to US$73.3 billion in the second quarter.

For Asian businesses and investors, the expansion matters because stablecoins are increasingly used for cross-border settlement, treasury transfers and access to US-dollar liquidity. The acquisition, investment and circulation figures are confirmed; adoption in individual markets will still depend on licensing, banking relationships, customer demand and local rules.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.