Tech
Circle, Binance seal strategic partnership to accelerate global USDC and crypto adoption
Circle Internet Group Inc. and Binance, two companies in the cryptocurrency industry, have partnered in a new strategic alliance to increase the use of USDC and foster the growth of the global digital assets and financial services ecosystem.
As USDC becomes more widely used as one of the most potent online money tools, this partnership unites the most reliable and compliant digital currency with the biggest digital asset platform globally.
Through the partnership, Binance will make USDC more extensively available across its full suite of products and services, ensuring that its more than 240 million global users are able to seamlessly access and use USDC for trading, saving, and payment applications.
Additionally, Binance will adopt USDC as a vital dollar stablecoin for their corporate Treasury, a powerful signal about the world moving on-chain.
READ ALSO: Binance expands crypto access in West, Central Africa with mobile money integration
Likewise, Circle will provide Binance with the necessary technology, liquidity, and other tools for Binance users to benefit from the trust and innovation that Circle has built for USDC. Circle will also work with Binance to build key relationships across the global finance and commerce landscape as mainstream companies all around the world seek to benefit from crypto infrastructure and stablecoins for an increasingly wide array of use cases.
“Binance is an incredibly innovative company and has demonstrated a relentless commitment to product quality, innovation, and user-centricity, all of which show in their massive and loyal global community of more than 240 million users,” said Jeremy Allaire, Chairman and CEO of Circle. “With Binance rapidly becoming the world’s leading financial super app and stablecoin adoption and utility at the core of this future financial system, this is a tremendous opportunity for USDC as it becomes ubiquitous on the Binance platform. I’m thrilled to be working with the Binance leadership team as they continue to build the largest digital asset company in the world.”
“Circle is without a doubt one of the most trusted and innovative companies in the digital asset ecosystem, and USDC is one of the most preeminent products in the world,” said Richard Teng, CEO of Binance. “Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance. We will also work closely with Circle to drive innovation and utility for stablecoins globally. Working together as a team, we believe we can materially push forward the possibilities for the internet financial system.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
