Major news came in as Binance and Circle announced a significant partnership that will integrate USDC across the Binance platform to make the stablecoin more accessible for trading, saving, and making payments to its 240 million users.
Binance also plans to use USDC in its corporate treasury to enhance on-chain financial strategies. Announcing that during Abu Dhabi Finance Week underlines a commitment by Binance toward increased adoption of digital assets.
For this seamless integration, Circle, the issuing company behind USDC, will avail technology and liquidity. Both companies want to help along more trust and innovation in the global financial ecosystem.
Circle’s entry into the Middle East via Abu Dhabi Global Market gives a clear sight of its global expansion plans. The partnership with LuLu Financial Holdings further shows USDC at the heart of innovation in cross-border payments and remittance solutions.
Circle and Binance build trust and innovation
Circle CEO Jeremy Allaire referred to Binance as a pioneer in innovation and user-centricity. He pointed out that this deal has the potential to change everything, with USDC at the center of any future digital financial system. Binance CEO Richard Teng joined in the praise, noting further USDC trading pairs and special promotions to increase user engagement. He said:
Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance.
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