Richard

when

USDC

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-and-circle-establish-strategic-partnership-to-integrate-usdc/" data-wpel-link="internal">Binance and Circle Establish Strategic Partnership to Integrate USDC</a><br></p>
<p style="text-align: justify">During the collapse in 2022, <a href="https://en.coin-turk.com/judge-orders-sec-to-produce-key-documents-in-coinbase-case/" data-wpel-link="internal">cryptocurrency</a> markets resembled a battleground, making survival increasingly difficult. Companies that failed to manage their cash reserves effectively faced collapse. Additionally, risky positions taken with customer assets led to significant bank run events in the crypto sector.</p> 
<h2 style="text-align: justify" id="binance-excluded-usdc">Binance Excluded USDC</h2> 
<p style="text-align: justify">Recall that there were days when <a href="https://en.coin-turk.com/institutional-investors-remain-optimistic-for-crypto-binances-latest-survey-reveals/" data-wpel-link="internal">Binance</a> excluded USDC from its platform. During that time, Binance CEO CZ directly targeted Coinbase’s CEO, stating risks associated with platforms he perceived as vulnerable due to their comments regarding potential bankruptcies. The Coinbase CEO warned that the accusations against them could have severe consequences, given their status as a publicly traded company.</p> 
<p style="text-align: justify">Later, Binance USD (BUSD) faced legal challenges and became obsolete. Throughout this period, Binance reduced its USDC pairs while expanding its pairs with alternative stablecoins, openly opposing USDC. Circle claimed that this situation was temporary and assured that they would continue to grow.</p> 
<h2 style="text-align: justify" id="binance-s-partnership-announcement">Binance’s Partnership Announcement</h2> 
<p style="text-align: justify">Today, we find ourselves in a completely different environment compared to those chaotic days. Just hours ago, Circle and Binance announced a strategic partnership agreement. This partnership will enable Binance to integrate USDC more comprehensively across all its products and services, significantly increasing USDC’s share for its corporate treasury.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-413804 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/binance-circle-ortakligi.png" alt="" width="1472" height="757"></p> 
<p style="text-align: justify">Regarding this step to enhance the global adoption of USDC, Circle CEO Allaire stated, “The largest exchange and super crypto application is joining forces with the biggest compliant dollar stablecoin operator to work on the next phase of stablecoin and crypto adoption.” He emphasized that this collaboration signifies a significant shift in the <a href="https://en.coin-turk.com/bitpanda-takes-a-significant-step-in-the-european-cryptocurrency-market/" data-wpel-link="internal">crypto market</a> structure as we approach 2025.</p> 
<p style="text-align: justify">The partnership, announced on stage at Abu Dhabi Finance Week by Binance CEO Richard Teng, aims to support the growth of U.S.-based crypto innovation. With Trump clarifying crypto regulations, we may see U.S.-based companies grow even more rapidly in this challenging environment.</p> 
<p>The post <a href="https://en.coin-turk.com/binance-and-circle-establish-strategic-partnership-to-integrate-usdc/" data-wpel-link="internal">Binance and Circle Establish Strategic Partnership to Integrate USDC</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Binance and Circle Establish Strategic Partnership to Integrate USDC

Table of Contents

COINTURK NEWS

Other articles published on Dec 11, 2024

Bitcoin price reclaims 6 figures on CPI relief as traders see $110K+ next

ETH price rises amid growing adoption of Layer-2 solutions

NFT Platform Magic Eden Introduces Its Native Token, $ME

XRP Surges to All-Time High, Becomes the Third Largest Cryptocurrency by Market Cap

BYDFi is launching an upgraded Perpetual Trading System

Why Is The Crypto Market Down Today: Top Crypto Losers

Join our free newsletter for daily crypto updates!