Here’s what happened in crypto today

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.

Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report

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.

Markets in Southeast Asia, Latin America, Africa and the Middle East are experiencing increasing demand for stablecoins as businesses and individuals seek to enter the internet-based economic system, Allaire reportedly said. 

Stablecoin remittances cost 84% less than traditional transfers, Borderless finds

Stablecoin-funded remittances cost roughly 84% less than traditional money transfers, according to a new third-quarter report from payments network Borderless.xyz.

Sending $200 through stablecoin payment networks costs a median of $2, or 1%, compared with $12.72, or 6.36%, for conventional remittances. The comparison uses Borderless pricing from the third quarter of 2026 and World Bank data from the same period last year.

Savings were particularly pronounced in emerging markets. In Sub-Saharan Africa, stablecoin remittances cost 2.9%, compared with 8.46% for traditional transfers. In Latin America, the respective costs were 1.25% and 5.64%.

Businesses also stand to benefit. A $10,000 stablecoin-funded transfer to the eurozone costs as little as $26, compared with $135 to $150 for an international bank wire, including foreign-exchange costs.

Stablecoin payouts also settled faster in several markets, with a median of two minutes in Brazil and Colombia and three minutes in Mexico. Traditional SWIFT transfers typically settled the next business day.

However, reliability varied. Payment completion rates reached 98.6% in Mexico but fell to 73% in Costa Rica, highlighting differences in local payment infrastructure.

Solana’s Liu says Shanghai event postponed over registration surge

The Solana Accelerate event in Shanghai was postponed after pre-registration exceeded the event cap set by local authorities, according to Lily Liu, president of the Solana Foundation.

Event registration quadrupled overnight following publicity for the event, Liu wrote in a Friday X post, adding that organizers decided to postpone the event to “comply with local requirements.”

Earlier on Friday, X users claimed that the event was “abruptly suspended” as law enforcement officers were stationed at the venue.

In October 2025, a Solana event in Shenzhen was also cut short due to venue capacity and public-safety concerns, Solana’s Chinese-language community account announced then on X.

Shanghai was scheduled to open Solana’s four-city Accelerate China tour, followed by Hangzhou on Sunday, Shenzhen on Tuesday and Beijing on Thursday, according to the event’s website.

The postponement followed Solana executives’ promotion of a new Shanghai office earlier this week.