Asia-Pacific market holds 29% of global digital currency value.

According to CoinDesk, Circle, the issuer of the dollar-pegged USDC stablecoin, recently released a report that found "Asia-Pacific markets account for 29% of global digital currency value. North America accounts for 19% and Western Europe has a share of around 22%." The report concludes that "USDC remittances to Asia have skyrocketed. Stablecoins are now being used as a means of payment, rather than simply as an avenue for speculative trading. Since its launch in 2018, USDC has processed more than $12 trillion in blockchain transactions. In particular, USDC has provided $510 billion in liquidity for cross-border remittances and corporate credit transactions, filling a gap in trade finance. Especially in emerging markets, dollar-pegged stablecoins like USDC are building a significant financing pipeline."