Circle and Binance form strategic partnership
Circle Internet Group Inc. and Binance, two giants in the crypto industry, announced a new strategic partnership today at Abu Dhabi Financial Week to drive the adoption of USDC and support global digital assets and the broader financial services ecosystem. development.
As USDC grows and becomes widely adopted as one of the most powerful money tools on the Internet, this partnership brings together a trusted and compliant digital dollar with the world's largest digital asset platform.
Through this partnership, Binance will use USDC more extensively across its entire suite of products and services, ensuring that its more than 240 million global users can seamlessly trade, save and pay with USDC.
Strong partnership accelerates the global adoption of USDC and cryptocurrencies
Additionally, Binance will adopt USDC as an important dollar stablecoin for its corporate financial reserves, sending a strong signal that the world is shifting on-chain.
Similarly, Circle will provide Binance with the necessary technology, liquidity, and other tools to enable Binance users to benefit from the trust and innovation Circle has built for USDC. As mainstream enterprises around the world seek to leverage cryptocurrency 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 realms.
Circle Chairman and CEO Jeremy Allaire stated: "Binance is a highly innovative company, demonstrating its strong commitment to product quality, innovation, and user-centricity, as seen from its large 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 provides a tremendous opportunity for the proliferation of USDC on the Binance platform. The Binance leadership team continues to build the largest digital asset company in the world, and I am excited 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 greatly enhance the potential of the online financial system."
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