BCGAME - Free 5BTC Daily Bonus!- Binance and Circle Expand USDC Adoption Globally.
- USDC to be integrated into Binance financial products.
- Stablecoins facilitate global transactions and usage in the crypto market.
Binance, one of the world's largest cryptocurrency exchanges, has announced a partnership Intelligence with Circle Internet Group, the issuer of the USDC stablecoin, during Abu Dhabi Finance Week on December 11. The central goal of this collaboration is to expand global adoption of USDC by integrating it into various Binance products and services and strengthening the digital asset ecosystem.
On stage with @jerallaire at #ADFW, announcing #Binance's strategic partnership with Circle. pic.twitter.com/EAb3oJdv70
—Richard Teng (@_RichardTeng) December 11, 2024
As part of this partnership, USDC will be incorporated into Binance’s broad range of offerings, including trading, savings, and payments, benefiting over 240 million users on the platform. Additionally, Binance plans to utilize USDC in its corporate treasury operations, demonstrating a significant move to expand the use of stablecoins in on-chain financial operations.
Circle will provide Binance with the technology, liquidity, and tools needed to ensure users can take full advantage of the USDC infrastructure. The collaboration also aims to build bridges with financial and commercial institutions around the world, promoting a more accessible digital financial system.
Binance CEO Richard Teng highlighted the significance of the partnership, stating: “Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more trading pairs, special promotions, and other products.” Jeremy Allaire, CEO of Circle, reinforced the positive outlook, calling Binance “an incredibly innovative company” and praising its commitment to product quality and user experience.
This move comes at a time when stablecoins are playing a crucial role in onboarding new entrants to the crypto market and facilitating global financial transactions. Recent data indicates that stablecoins such as USDC have been used in over 1 billion transactions, totaling around $8 trillion in value.
With the growing acceptance of stablecoins in the financial market, the partnership between Binance and Circle reinforces the relevance of these assets as key tools to expand the adoption of cryptocurrencies on a global scale.
