Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Stablecoin issuer Circle is seeking to enter about 40 developing markets, according to CEO Jeremy Allaire. and a new report highlighted substantial cost savings from stablecoin remittances, especially in emerging markets. Meanwhile, Solana postponed its Shanghai event after registrations exceeded local capacity limits.

Stablecoin issuer Circle is seeking to enter about 40 developing markets, according to the company’s CEO and ​chairman, Jeremy Allaire.

“We’re kind of going through an inflection point...a transition right now, ‌and that transition is essentially moving from the early adopter phase of blockchain technology into the mainstream scaling phase,” Allaire told Reuters, speaking Friday on the sidelines of the IMF and World Bank meetings ​in Bangkok.

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