Circle wants to enter 40 more markets. Where can USDC actually be used?

Circle’s plan to pursue approximately 40 emerging and developing markets has put a measurable question behind its global expansion: where can a business receive USDC and turn it into spendable local money today? The answer changes depending on whether a market means a wallet can hold USDC, a licensed company can issue or redeem it, or a payment provider can deliver a local currency payout. Circle has published evidence for some of those routes, but no country list or opening dates for the 40-market plan. Summary Circle’s chief executive described a push into approximately 40 emerging and developing markets on October 16. USDC circulation stood at $72.7 billion on Circle’s October 12 reserve page. Circle’s pending Tazapay purchase would add payout rails spanning more than 100 markets if it closes in 2027. Circle Payments Network reported 175 enrolled financial institutions and $14.7 billion in annualized volume at the end of June. European supervisors will assume part of USDC’s oversight on November 12 after its significant token designation. Circle has outlined an expansion into approximately 40 emerging and developing markets, putting a fresh number on its effort to distribute the...