Expanding USDC Adoption: Circle and Binance Announce Parntership

Supporting the development of the global digital assets ecosystem, crypto firms, Circle Internet Group Inc., and Binance, have joined forces to expand the adoption of USDC.

Through the partnership, Binance will make USDC more extensively available across its full suite of products and services. It will ensure that its more than 240 million global users are able to seamlessly access and use USDC for trading, saving, and payments applications.

USDC has been recognised as one of the most powerful utilities for money on the internet, and it is only set to grow as it is further adopted worldwide.  In light of this, Binance will adopt USDC as a vital dollar stablecoin for its own corporate treasury.

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.

Making stablecoins more mainstream

“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.” *Distributed by APO Group on behalf of Binance.