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Circle and Binance Announce Strategic Partnership to Advance Global Digital Assets and Financial Services Ecosystem
During the Abu Dhabi Finance Week event held recently, Binance, a global cryptocurrency exchange, and Circle, a key player in the stablecoin market, announced their partnership!
Under this collaboration, Binance aims to expand the reach of Circle’s USD Coin (USDC) stablecoin to a broader user base on its platform. According to Binance’s statement, users will gain access to more trading pairs with USDC, benefit from exclusive promotions, and utilize USDC in other products.
Highlighting the importance of stablecoins in the digital finance ecosystem, a Binance official stated:
“Stablecoins offer an effective solution for inflation protection in developing countries, low-cost remittance tools, and trading other cryptocurrencies.”
Additionally, Binance announced plans to integrate USDC into its corporate treasury. Circle CEO Jeremy Allaire emphasized the critical role stablecoins play in the future of the financial system, stating,
“The adoption and usage of stablecoins are foundational elements for Binance’s vision of the future financial system.”
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