Circle Partners With Maple To Increase USDC Stablecoin Adoption

USDC stablecoin publishing company Circle continues to improve its partnership with various companies in the world. (Photo; Doc. NewsBTC)

JAKARTA - Circle, a global financial technology company developing USDC, a digital currency of value related to the US dollar. The company recently announced its partnership with Maple, a decentralized on-chain lending platform. The partnership aims to expand the use of USDC stablecoins through funding new lending features supported by USDC.

This collaboration has a successful track record of innovations from both entities, especially in the previous loan or pool space by Maple in Solana. Investment in this new lending pool confirms Circle's commitment to expanding USDC use, with the hope of growing as more companies embrace USDC to facilitate corporate finance.

Sidney Powell, CEO and Co-founder of Maple Finance, stressed this milestone, stated, This funding marks a crucial moment in our evolution as we embark on strategic expansion. Our mission remains clear, to bridge the web3 industry and traditional lending with infrastructure setting new standards.

Spencer Spinnell, VP, Americas at Circle, expressed a common vision, saying, "We are building [a partnership] towards a future where digital dollars flow around the world like other digital data - increasing global economic prosperity and financial inclusion. This collaboration with Maple advances our common goal of bringing most of the capital market towards a decentralized blockchain [technology]."

The synergy between Circle and Maple partnership reflects shared aspirations to change the financial landscape by promoting a decentralized system supported by USDC settlement. At the same time, both sides continue to innovate in the field of blockchain-based funding lending.