The world's largest cryptocurrency exchange Binance said at Abu Dhabi Finance Week that it has formed a strategic partnership with stablecoin giant Circle to accelerate the global adoption of its $USDC stablecoin.
The partnership will make Circle’s $USDC more widely available for trading, saving, and payments to over 240 million customers.
“Binance and Circle announced a strategic partnership to expand adoption of the $USDC stablecoin and support the global digital asset and financial services ecosystem.
“Binance will integrate $USDC into its products and services, making it more accessible to its 240 million users for trading, saving, and payments, while also adopting $USDC for corporate treasury operations.”
Binance CEO Richard Teng said the partnership will bring more $USDC trading pairs, trading in $USDC, and special promotions on other products. “Through our strategic partnership, our users will have more opportunities to use $USDC on our platform. These include more $USDC trading pairs, special promotions for $USDC on all trading, and other products on Binance.”
#Binance is thrilled to announce a strategic partnership with @Circle to enhance our ecosystem and bring more value to our users.
Stay tuned for more updates! #$USDC
Read more here ⤵️ https://t.co/toHpPg6sDC pic.twitter.com/gGild1GmT3
— Binance (@binance) December 11, 2024
*This is not investment advice.