Circle targets 40 emerging markets after posting $1.4B in H1 2026 revenue
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
Circle generated $1.4 billion in H1 2026 revenue and plans to expand into 40 emerging markets, backed by a $400 million Tazapay acquisition and a $100 million Binance deal.
Circle Internet Group disclosed that it generated approximately $1.4 billion in total revenue during the first half of 2026. The firm paid $819 million to distribution partners and transaction costs while reinvesting $473 million into compliance and infrastructure. In the second quarter of 2026, USDC circulation reached $73.3 billion, representing about 25% of the stablecoin market, cryptobriefing.com reported.
Speaking at the IMF and World Bank meetings, Circle CEO Jeremy Allaire announced plans to enter roughly 40 emerging markets across Southeast Asia, Latin America, Africa, and the Middle East, according to cryptobriefing.com and pymnts.com. Allaire stated that blockchain technology is transitioning from early adoption into a mainstream scaling phase.
The global expansion follows Circle's planned $400 million acquisition of Singapore-based cross-border payments firm Tazapay, which is expected to close in 2027, according to cryptobriefing.com. The initiative is also supported by a five-year agreement involving a $100 million strategic investment from Binance to boost USDC integration and access across emerging economies.
Key facts
- $1.4B H1 2026 revenue
- Targeting 40 emerging markets
- $400M Tazapay acquisition
- $100M Binance investment
Read the original at The Block