Circle, the digital dollar USDC issuer, recently announced that it will cooperate with MHC Digital Group, a company owned by Australian venture capitalist Mark Carnegie. Since MHC has strongholds in Australia and Singapore, this cooperation plans to first introduce USDC to the Australian market and focus on the Asia-Pacific region. institutional applications.

Kash Razzaghi, Circle's business director, said: "The young people in the Asia-Pacific region have a high mobile phone usage rate, coupled with the high popularity of digital wallets, which has made the development of digital finance in Asia-Pacific quite progress, and we are also looking forward to cooperating with MHC to create a A new chapter in digital finance.”

USDC helps Australian pension funds avoid high handling fees, and may launch an Australian dollar stable currency in the future

Australian venture capitalist Carnegie believes: "The introduction of USDC can help our pension management institutions avoid the high bank fees, thereby retaining more retirement funds. Based on the cooperative relationship between the two parties, we look forward to the possibility of issuing an Australian dollar version in the future." stablecoin.

He also said: "Many people say that cryptocurrencies have no practical use, but in fact, hundreds of billions of funds around the world have been paid through cryptocurrencies, and the cost is far less than traditional payments." He emphasized that cryptocurrencies play an important role in international payments. is a better choice. Circle has great potential to become the biggest winner in the regulated stablecoin market. He is looking forward to the next cooperation.

Circle has been making a lot of moves in the global market recently. It only moved its headquarters to the World Trade Center in New York in September this year. It chose to settle in a global financial center and seemed to be preparing for a US IPO. In addition, USDC has also been launched in Mexico and Brazil, where local users can trade through real-time payment systems instead of relying solely on cryptocurrency exchanges. It is worth mentioning that Circle has also become the first stablecoin merchant to obtain EU MiCA compliance and can provide services for both USDC and the euro stablecoin EURC.

This article USDC is introduced to Australia! Circle and venture capital MHC jointly promote institutional applications and are expected to launch Australian dollar stable coins first appeared on Chain News ABMedia.