(USDC will be more widely utilized on Binance's global platform)
Two giants in the crypto industry, Circle Internet Group Inc. and Binance, today announced a new strategic partnership at the Abu Dhabi Finance Week to drive the adoption of USDC and support the development of global digital assets as well as a broader financial services ecosystem. With the growth and widespread adoption of USDC, 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 utilize USDC more broadly across its entire suite of products and services, ensuring that its over 240 million global users can seamlessly use USDC for trading, saving, and payments.
Additionally, Binance will adopt USDC as a key dollar stablecoin for its corporate financial reserves, sending a strong signal that the world is shifting toward on-chain.
Similarly, Circle will provide Binance with the necessary technology, liquidity, and other tools to benefit Binance users from the trust and innovation Circle has established 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 significant relationships in the global financial and business sectors.
Circle Chairman and CEO Jeremy Allaire stated: "Binance is a highly innovative company, demonstrating its strong commitment to product quality, innovation, and user-centricity, evident from its vast community of over 240 million loyal global users. As Binance rapidly becomes the leading financial super app globally, and the adoption and application of stablecoins are at the core of the future financial system, this presents a tremendous opportunity for the adoption of USDC on the Binance platform. The Binance leadership team continues to build the world's largest digital asset company, and I am thrilled 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 drive innovation and application of stablecoins globally. Through teamwork, we believe we can significantly enhance the potential of the online financial system."
This article announces the strategic partnership between Circle and Binance to promote the global adoption of USDC and cryptocurrency, first appeared on Chain News ABMedia.
