Circle and Binance Join Forces to Advance On-Chain Financial Operations
Circle, the issuer of the USDC stablecoin, has teamed up with Binance, a cryptocurrency exchange, to increase the use of USDC and promote the growth of the global digital asset and financial services ecosystem. All of Binance’s services and products, including trading, savings, and payment apps, will make USDC available to its 240 million users worldwide.
Binance is an incredibly innovative company and has demonstrated a relentless commitment to product quality, innovation, and user-centricity, all of which show in their massive and loyal global community of more than 240 million users. With Binance rapidly becoming the world’s leading financial super app, and stablecoin adoption and utility at the core of this future financial system, this is a tremendous opportunity for USDC as it becomes ubiquitous on the Binance platform. I’m thrilled to be working with the Binance leadership team as they continue to build the largest digital asset company in the world.
Jeremy Allaire, Chairman and CEO of Circle
Binance CEO Richard Teng Praises Circle as a Leader in Digital Asset Innovation
A move toward on-chain financial operations will be indicated by Binance‘s adoption of USDC as a major dollar stablecoin for its corporate treasury as part of the deal. In exchange, Circle will give Binance the resources, liquidity, and technology required to improve user access to USDC. As businesses all over the world embrace crypto infrastructure and stablecoins for a variety of use cases, the cooperation will also concentrate on building connections within international banking and commerce.
Circle is without a doubt one of the most trusted and innovative companies in the digital asset ecosystem, and USDC is one of the most preeminent products in the world. Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance. We will also work closely with Circle to drive innovation and utility for stablecoins globally. Working together as a team, we believe we can materially push forward the possibilities for the internet financial system.
Richard Teng, CEO of Binance
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