Leading crypto exchange Binance and stablecoin issuer Circle are teaming up to expand the adoption of USDC.
In a statement, Binance says the strategic partnership, which was announced at the Abu Dhabi Finance Week on Wednesday, will make USDC more available across its suite of products and services.
The exchange says the collaboration will enable its users to seamlessly access and use the dollar-pegged stablecoin for trading, saving and payment applications.
Says Binance CEO Richard Teng,
“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.”
Binance says it will also integrate USDC into its financial strategy.
“Additionally, Binance will adopt USDC as a vital U.S. dollar-pegged stablecoin for our corporate treasury, signaling a significant move towards on-chain financial operations.”
For its part, Circle will provide Binance with the technology, liquidity and other tools needed to improve user trust and innovation. The company will also help Binance build key relationships in finance and commerce.
Circle CEO Jeremy Allaire says he is optimistic about Circle’s partnership with the world’s biggest crypto exchange.
“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.”
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