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.