Binance's 240M users gain enhanced USDC access for trading and payments.
Circle to provide Binance with advanced liquidity and tech tools.
Binance to adopt USDC in corporate treasury, boosting on-chain finance.
Binance, one of the major cryptocurrency exchanges, and Circle Internet Group, the company behind the USDC stablecoin, have partnered. Announced during Abu Dhabi Finance Week, this partnership aims to expand the use of USDC within Binance services. This partnership is a major development in making digital assets more available to the over 240 million Binance users.
Through the integration of USDC into Binance's platform, users can use it for several operations, including trading, saving, and paying. Furthermore, Binance has established plans to integrate USDC into its company treasury functions, setting its course for advancing blockchain technology for on-chain financial processes.
https://twitter.com/binance/status/1866738081514262727 Expanding Digital Financial Systems
Circle will assist Binance in offering advanced technology solutions that boost liquidity and basic instruments that advance the user experience. This cooperation aims to advance the adaptation of a stablecoin into more financial and commercial applications. Moreover, both parties seek changes and the development of new forms of digital currencies in the global market.
Richard Teng, CEO of Binance, highlighted the partnership's importance in digital finance. He said it would bring new trading pairs and promo activities based on USDC to the Binance platform. “This strategic alliance not only broadens the utility of USDC but also enhances our platform's capabilities, allowing us to offer more to our users,” Teng highlighted.
Stablecoin-Driven Future
Jeremy Allaire, the Chairman and CEO of Circle, was enthusiastic about the collaboration. He noted that it was innovative in product and customer engagement. “The integration of USDC on Binance's platform is a significant milestone for stablecoin adoption and utility worldwide,” Allaire noted. He explained the significance of this partnership as the foundation for USDC as a universal component of various financial operations globally.
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