Circle Collaborates With Binance, Increase USDC Adoption

JAKARTA - USDC Circle Internet Group stablecoin issuance and crypto exchange Binance is establishing a strategic partnership to accelerate the adoption of USDC stablecoins and other digital assets globally. This collaboration was announced at the Abu Dhabi Finance Week event marking an important step in stablecoin integration into the global financial and trade sectors.

This partnership will make USDC more accessible to more than 240 million Binance users in various countries. USDC is a stablecoin pegged to a US dollar value, plans to be available on various Binance services, including trade, savings, and payments.

In addition, Binance will also adopt USDC as part of the company's cash. Thus, USDC is expected to be a more stable and reliable financial solution, both for individual users and companies like Binance.

Circle CEO Jeremy Allaire revealed that his party will provide advanced technology and liquidity devices to ensure that the Binance user experience with USDC becomes easier and safer. This partnership also aims to develop new products and services that can facilitate the use of stablecoins and cryptocurrencies in daily financial life.

We really appreciate Binance for having a strong focus on user-friendly and innovation services. Binance can now be a complete financial application for trading, savings, storage, and payments," said Allaire.

Meanwhile, Binance CEO Richard Teng also stated that this partnership offers great opportunities for users to enjoy various additional benefits from USDC, such as new trade pairs and exclusive promotions.