Facing regulatory challenges in the US, Circle, issuer of USDC stablecoin, is expanding its market in the MENA region through a partnership with UAE's Fuze Finance. This strategic move aims to enhance USDC adoption in the Middle East, Africa, and Turkey. Despite US regulatory headwinds, including Senator Warren's proposed crypto transaction reporting bill, Circle's global outreach and adoption continue, notably in Asia, Latin America, and Africa. This expansion is crucial as Circle competes with Tether and new entrants like PayPal in the growing stablecoin market.
