Circle eyes 40 developing markets as BIS warns banks could slow stablecoin growth

AI-generated briefing · First published 2026-10-17 17:55:27 UTC

Circle plans expansion into 40 emerging markets; a BIS paper says higher U.S. bank deposit rates could curb stablecoin growth.

Circle CEO Jeremy Allaire said the firm is seeking to enter about 40 developing markets in Southeast Asia, Latin America, Africa and the Middle East amid rising stablecoin demand. [1]

A BIS working paper found a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting ten-week growth from 15% to 12%. [2]

Sources

1. Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report

   Cointelegraph · 2026-10-17 10:00:07 UTC · Full text

2. Banks could slow stablecoin growth by paying savers more, BIS paper finds

   CoinDesk · 2026-10-17 12:00:00 UTC · Summary only

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