Circle: Asia Pacific accounts for 29% of global digital currency value
Circle has stated that since its launch in 2018, the USDC stablecoin has been used to settle over $12 trillion worth of blockchain transactions. By 2022, USDC worth $130 billion is expected to flow into Asia.
According to Circle's data, the Asia-Pacific region accounts for 29% of the total value of digital currencies globally, while North America and Western Europe account for 19% and 22% respectively. Circle also stated that the use of stablecoins in speculative trading has decreased by 90% over the past five years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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