Circle CEO Jeremy Allaire informed the crypto community that Circle entered into a top-level partnership with top crypto exchange Binance.
Binance is the top-ranked crypto trading platform, which is mainly known for its highly responsive & now-regulated crypto services globally. Over the last four years, this crypto exchange’s subsidiary faced huge legal hurdles, first in the UK & later in the US. However, all the legal hurdles associated with Binance in the US jurisdiction have been over, except for a lawsuit filed by the US Securities and Exchange Commission (SEC) body.
On 11 Dec 2024, Binance & Circle entered into a strategic partnership officially.Circle CEO Jeremy Allaire informed his followers that the partnership would allow more integrated use of USDC stablecoin in trading as well as payment services via Binance’s crypto payment & trading services.In short, we can say that USDC will be available on the Binance platform as a native-like stablecoin.
BREAKING NEWS: Circle and Binance have entered into a strategic partnership that will accelerate global USDC and crypto adoption. The world’s largest exchange and crypto super app and the world’s largest trusted and compliant dollar stablecoin operator are coming together to… pic.twitter.com/WO8w4rv3NZ
— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) December 11, 2024
Binance CEO Richard Teng informed his followers about this official partnership.
On stage with @jerallaire at #ADFW, announcing #Binance’s strategic partnership with Circle. pic.twitter.com/EAb3oJdv70
— Richard Teng (@_RichardTeng) December 11, 2024
Binance coin (BNB) price action
The current trade price of BNB, the native token of the Binance crypto exchange, is $698. In the last 24 hours, the trade price of this Cryptocurrency surged by nearly 6%+.
The current trade price of $BNB coin is $698 pic.twitter.com/7IeWRm3GTP
— Bitcoinik (@Bitcoinikdotcom) December 11, 2024
It is worth it to note that the $BNB is an independent crypto project & Binance doesn’t control it, but Binance exchange supports this Cryptocurrency as a native token.
Changpeng Zhao (CZ) enjoying the non-crypto sector
Changpeng Zhao (CZ), co-founder & former CEO of the Binance crypto exchange, stepped down from the Binance CEO role in mid of this year & spent 2 months in jail as a part of the settlement.Currently, he is enjoying his life in a non-crypto kids primary education project.
Create story books on @Giggleacademy and earn #BNB. Kids read it for free. https://t.co/XiRnylmj9Z
— CZ 🔶 BNB (@cz_binance) December 2, 2024
Read also: Ripple stablecoin ($RLUSD) secures approval, Ripple team warns against scam
