Circle Internet Group and OKX have also collaborated to enhance USDC liquidity and increase its conversion potential. With this move, OKX’s 60 million global customers have the potential to exchange USDC for USD and USD for USDC on a 1:1 basis.
Jeremy Allaire, CEO of Circle, and Star Xu, CEO of OKX, are both supporting this venture to enhance the utility of stablecoin utilization. OKX customers will now have a smoother process moving funds in and out of USDC through common banking partners.
New infra will have customers trade, process payments, and access Web3 services straight through USDC. Such smoother on- and off-ramps will have stablecoins becoming more deeply embedded in everyday finance operations.
Circle and OKX also plan to launch educational campaigns to improve awareness about USDC among both new and experienced crypto users. These programs aim to make digital finance more understandable and accessible for people worldwide. The goal is to show how stablecoins can work effectively in both personal finance and business.
Circle offers regulated Stablecoin infrastructure globally
With this collaboration, all customers across OKX websites will find it convenient to rely on USDC for digital dollar parity. Quicker settlement, stable liquidity, and faster onboarding will become the norm. This cooperation will positively impact institutional and retail customers across various overseas markets.
Circle is currently a publicly traded technology company specializing in finance listed on the NYSE under CRCL. It generates stablecoins including USDC and EURC through regulated processes. It also offers technology infrastructure enabling developers and companies to develop payment, commerce, and blockchain products globally.
While OKX serves over 60 million customers and processes trillions of digital assets through its highly efficient trading platform, it has offices both in San José and Dubai, and also in major financial centers including New York, Hong Kong, and Singapore.
Since it also has regulatory licenses in several jurisdictions, it also offers transparency by publishing month-ending Proof of Reserves. Side by side, Circle and OKX cooperate towards redefining digital finance via additional advancements in stablecoin utilization in both trading systems and practical daily usages.
