Circle’s USDC sees remarkable growth in Asian remittances and trade finance in latest report
A recent report by Circle, the issuer of the USDC stablecoin, indicates a significant increase in remittance flows through Asia utilizing USDC. In 2022, transactions amounting to $130 billion were recorded in the region. This stablecoin, tied to the value of the U.S. dollar and backed by liquid cash and cash-equivalent assets, is becoming increasingly…