Circle and Binance announce strategic partnership

Today, at Abu Dhabi Finance Week, Circle Internet Group Inc. and Binance announced a new partnership to boost the use of USDC, a popular digital dollar. This partnership aims to enhance the global digital assets and financial services ecosystem.

Key Points:

1. Expanding USDC Usage:

   – Binance will make USDC more accessible across its services, benefiting over 240 million users.

   – Users can use USDC for trading, saving, and payments.

2. Corporate Treasury:

   – Binance will use USDC as a key stablecoin for its own treasury operations, signaling a shift to blockchain-based finance.

3. Circle’s Support:

   – Circle will provide technology, liquidity, and tools to Binance, enhancing the trust and innovation behind USDC.

   – They will collaborate to build important relationships in global finance and commerce.

– Jeremy Allaire, CEO of Circle: “Binance’s commitment to quality and innovation is evident in their large user base. This partnership is a big opportunity for USDC as it becomes widely used on Binance.”

– Richard Teng, CEO of Binance: “Circle is highly trusted and innovative. Our users will benefit from more USDC trading options and promotions. Together, we aim to drive the global adoption of stablecoins.”