UPDATE: Circle targets 40 emerging markets backed by Tazapay deal and Binance funds
CIE News ·
Update to Circle plans expansion into about 50 emerging markets for USDC
Based on reporting by Decrypt; not yet independently confirmed.
Circle plans to expand into roughly 40 emerging markets including Africa, backed by a $400 million deal for Tazapay and a $100 million investment from Binance.
Circle's planned push into developing nations is set to cover approximately 40 countries, including Africa, backed by a $400 million acquisition of payments firm Tazapay and a $100 million strategic investment from Binance, Decrypt reported on October 16, 2026. As previously reported, the stablecoin issuer originally outlined plans to enter emerging markets across Southeast Asia, Latin America, and the Middle East. CEO Jeremy Allaire told Reuters that organic demand from individuals and businesses is moving the technology into a mainstream scaling phase, while the Tazapay purchase provides access to local payment rails across more than 100 markets, according to CoinDesk.
Key facts
- Targets roughly 40 nations
- $400M Tazapay acquisition
- $100M Binance investment
- Expanding to Africa