Binance and Circle Announce Strategic Partnership

Binance, a leading global cryptocurrency exchange, has announced a strategic partnership with Circle, the issuer of the USDC stablecoin, aimed at boosting the adoption of USDC.

Through this partnership, Binance will integrate USDC into its extensive range of products and services, providing its approximately 240 million users with access to USDC for various activities such as trading, savings, and payments. Additionally, Binance plans to adopt USDC for its corporate treasury operations, further solidifying its commitment to the stablecoin.

In support of this integration, Circle will provide Binance with essential technology, liquidity, and tools to facilitate a smooth transition and optimal user experience. The collaboration signifies a significant step towards enhancing the utility and accessibility of USDC within the digital asset ecosystem.

Richard Teng, CEO of Binance, expressed his enthusiasm for the partnership, stating, "Circle is undoubtedly one of the most trusted and innovative companies in the digital asset ecosystem, and USDC is one of the preeminent products in the world." Jeremy Allaire, Chairman and CEO of Circle, echoed this sentiment, praising Binance as "an incredibly innovative company."