USDC Remittances Worth $130 Billion Flowed into Asia in 2022, Circle Says

USDC Issuer Circle Has Ditched All U.S. Treasuries From Stablecoin Reserve Fund Amid Debt Ceiling Showdown


These volumes are also made up of remittance transfers, a big deal for emerging markets with a large diaspora, such as the Philippines. In the report, Circle highlighted how it has partnered with – an exchange based in the country – to try and capture some of this business, worth around $36 billion a year.


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