Circle co-founder and CEO Jeremy Allaire revealed that 70% of the adoption of the USDC stablecoin is outside the United States of America.
Despite the hype that we’re all about the US, we estimate that 70% of USDC adoption is non-US, and some of the fastest growing areas are emerging and developing markets. Strong progress happening across Asia, LATAM and Africa. Demand for safe, transparent digital dollars is…
— Jeremy Allaire (@jerallaire) August 7, 2023
USDC is not only a stablecoin pegged to the US dollar, but it is also issued by a US company (Circle).
Indeed, Allaire writes that “despite the hype that we are all in the US,” in fact the largest use of USDC occurs outside the US itself.
In particular, the world’s second largest stablecoin is making strong gains in Asia, Latin America and Africa.
It is worth noting that USDC is also widely used in DeFi, where it is almost impossible to pinpoint its use.
The market capitalization of the USDC stablecoin
Despit
We współpracy z: https://en.cryptonomist.ch/2023/08/08/circle-usdc-stablecoin-mostly-used-outside-us/
