Two giants of the crypto industry, Circle Internet Group Inc. and Binance, announced today at the Abu Dhabi Finance Week the establishment of a new strategic partnership to promote the adoption of USDC and support the development of global digital assets and a broader financial services ecosystem. As USDC grows and is widely adopted, making it one of the most powerful monetary tools on the internet, this collaboration combines a trusted and compliant digital dollar with the world's largest digital asset platform.
Through this collaboration, Binance will more broadly integrate USDC across its entire suite of products and services, ensuring that its over 240 million global users can seamlessly use USDC for transactions, savings, and payments.
Additionally, Binance will adopt USDC as an important dollar stablecoin for its corporate financial reserves, sending a strong signal that the world is moving on-chain.
Similarly, Circle will provide Binance with the necessary technology, liquidity, and other tools, enabling Binance users to benefit from the trust and innovation Circle has built for USDC. As mainstream companies around the world seek to leverage crypto infrastructure and stablecoins to meet increasingly diverse use case demands, Circle will also collaborate with Binance to establish important relationships in the global financial and business sectors.
Circle CEO and Executive Chairman Jeremy Allaire stated:
Binance is a highly innovative company and demonstrates its strong commitment to product quality, innovation, and user-centricity, as evidenced by its large community of over 240 million loyal global users. As Binance rapidly becomes the world's leading financial super app, and with the adoption and application of stablecoins at the core of the future financial system, this provides a significant opportunity for USDC's widespread use on the Binance platform. The Binance leadership team continues to build the world's largest digital asset company, and I am pleased to collaborate with them.
Binance CEO Changpeng Zhao stated:
Circle is undoubtedly one of the most trusted and innovative companies in the digital asset ecosystem, and USDC is one of the most prominent products globally. Through our strategic partnership, our users will be able to utilize USDC more fully on our platform, including more USDC trading pairs, special promotions for USDC-related products, and promotions for other Binance products. We will also work closely with Circle to promote innovation and application of stablecoins globally. Through teamwork, we believe we can significantly enhance the potential of the online financial system.
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