Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES
BTCETHSOLXRPBNBTONDOTLTCPOLHBARNEARARBUNI

← Back to NewsDesk

AI summary of a third-party reportBullishNewsDesk

Circle's Allaire says stablecoin issuer is looking to enter 40 developing markets

Circle's chief executive says the stablecoin issuer wants to enter about 40 developing markets, where demand for dollar-backed tokens is rising, Reuters reported from Bangkok.

InvestIn.News NewsDesk · 1 min read
Share
Picture from Cointelegraph for: Circle's Allaire says stablecoin issuer is looking to enter 40 developing markets
Image: Cointelegraph
Original reporting: Michael Millard, Cointelegraph

Key points

  • CEO Jeremy Allaire told Reuters the company is eyeing about 40 developing markets
  • He spoke on Friday at the IMF and World Bank meetings in Bangkok

Circle is looking to enter about 40 developing markets, according to the stablecoin issuer's chief executive and chairman, Jeremy Allaire. He told Reuters that blockchain technology is moving from an early adopter phase into what he called a mainstream scaling phase.

The push comes as Bernstein analysts have taken a bullish view of Circle, according to Cointelegraph's reporting on 24 Aug. They argued that a new growth cycle for the USDC stablecoin could lift the company over the next 12 months, helped by momentum in crypto markets, clearer US regulation, tokenised capital markets and payments adoption.

Read the full story on Cointelegraph

Live updates on NewsFeeds:StablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

← Back to NewsDesk