- Binance and Circle announced a strategic partnership to work together from now on.
- Binance is going to adopt USDC as a vital dollar stablecoin for its full suite of products and services.
As the crypto market struggles to maintain its bull rally, several developments and collaborations are taking place to contribute to the overall crypto adoption. One such collaboration is the latest Binance and Circle strategic partnership. Binance CEO Richard Teng joins hands with Circle CEO Jeremy Allaire to strive toward the global adoption of USDC and crypto in general.
Binance being the leading crypto exchange platform and Circle, the most compliant and reliable USDC stablecoin operator, this partnership could take crypto adoption to the next level. Both of the leading crypto firms got together and announced a partnership on-stage at Abu Dhabi Finance Week today.
Binance and Circle to Build Technology and Trust Through Their Partnership
Both of the leading companies are going to benefit from each other through this partnership. While Circle offers technology, liquidity, and other necessary tools, Binance adopts USDC as a vital dollar-pegged stablecoin. As a result, Binance platform’s more than 240 million users across the globe can access USDC for different purposes.
Circle CEO Jeremy Alliare unapologetically expressed his enthusiasm surrounding this partnership. Referring to the exponential growth of Binance over the years, he says,
“With Binance rapidly becoming the world’s leading financial super app, and stablecoin adoption and utility at the core of this future financial system, this is a tremendous opportunity for USDC as it becomes ubiquitous on the Binance platform.”
On the other hand, Binance CEO Richard Teng believes in the trustworthy and compliant system of the Circle. Some of the ways Binance users can gain from this partnership are more USDC trading pairs, special promotions, and other products.
In conclusion, the combined efforts of Binance, the largest crypto exchange, and Circle in driving the innovation and adoption of crypto on a whole is commendable. As we step into the new year, investors must watch closely on how these kinds of collaborations are shaping up the crypto industry and the market prices.
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