Stablecoin issuer Circle and crypto exchange Binance have established a strategic partnership to strengthen the USDC stablecoin’s global presence, Circle CEO Jeremy Allaire wrote on X.
“The world’s largest exchange and crypto super app and the world’s largest trusted and compliant dollar stablecoin operator are coming together to work on the next phase of stablecoin and crypto adoption,” Allaire wrote in his post on X.
As part of the collaboration, Binance plans to expand USDC's availability across its platform for trading, saving and payments. Moreover, the crypto exchange is expected to adopt USDC as a vital dollar stablecoin for the company’s corporate treasury.
Allaire said that Circle will support Binance with various tools to help the exchange's users better utilize the stablecoin.
“The marriage of the largest and fastest growing compliant stablecoin with their global platform marks a major and material shift in the emerging crypto market structure as we enter 2025,” Allaire wrote.
The partnership was first announced on stage in Abu Dhabi Finance Week with Binance CEO Richard Teng, Allaire said.
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