🔶 Binance and Circle Partner to Promote USDC Stablecoin Globally
The largest cryptocurrency exchange, Binance, and company Circle have entered into a partnership aimed at accelerating the adoption of the USDC stablecoin worldwide. Over 240 million Binance users will have the opportunity to use USDC for trading, savings, and transactions.
Additionally, Binance will use USDC as its primary stablecoin to manage its corporate fund. Binance CEO Richard Teng noted that this will open access to new trading pairs and unique offerings.
In the face of competition from Tether, which holds a leading position among stablecoins, Circle is positioning its product as more regulated. This partnership also underscores Binance's commitment to comply with global regulations following the resolution of $4 billion in claims in the United States.
