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Binance, the world’s leading crypto exchange, and Circle, the US-based stablecoin issuer, have signed a strategic partnership that will accelerate the global adoption of USDC. In fact, the announcement of the alliance was made at Abu Dhabi Finance Week.
Through this partnership, Binance will make USDC more widely available across its range of products and services, ensuring that its more than 240 million global users can seamlessly access and use USDC for trading, savings and payment applications. Additionally, Binance will adopt USDC as a dollar stablecoin for its own corporate treasury.
By the way, Richard Teng, CEO of Binance, highlighted the benefits that this alliance will bring to users: «Through our strategic partnership, our users will have more opportunities to use USDC on our platform, including new USDC trading pairs, promotions exclusives and access to innovative products on Binance.
He further added: “Binance believes that Stablecoins have important use cases in the broader financial ecosystem, from using a Stablecoin pegged to the US dollar to hedge against inflation in developing countries, to as a more efficient and secure remittance tool. lower cost, or as a way to buy and sell other cryptocurrencies.
Strategic alliance: Binance and Circle to drive global USDC adoption
Likewise, Circle will bring its advanced technology, liquidity and market experience to Binance so that Binance users can take full advantage of the benefits of USDC.
This strategic alliance will allow both industry giants to strengthen their global presence, facilitating the adoption of digital assets in a wide range of sectors and regions. By collaborating to build relationships with traditional companies, Binance and Circle are paving the way for greater integration of cryptocurrencies into the global financial system.
Therefore, Circle President and CEO Jeremy Allaire noted that: “Binance is an incredibly innovative company and has demonstrated a relentless commitment to product quality, innovation and user-centricity, all of which is reflected in its massive and loyal global community.
He further stated: “With Binance rapidly becoming the world’s leading financial super app, the adoption and utility of Stablecoins at the core of this future financial system, this is a tremendous opportunity for USDC as it becomes prevalent on the trading platform. Binance. “I am delighted to be working with the Binance leadership team as they continue to build the world’s largest digital asset company.”
A dream team for the future of finance
For his part, Richard Teng commented: “Circle is undoubtedly one of the most trusted and innovative companies in the digital asset ecosystem, and USDC is one of the most prominent products in the world.”
Finally, this alliance between Circle and Binance marks the beginning of an exciting collaboration that will bring with it a series of innovations and products designed to transform the way we interact with digital finance.
I say goodbye with this phrase from Richard Teng: “Innovation is the engine that drives the adoption of cryptocurrencies globally.”
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