Major

DeFi

USDC

Coin

Binance and Circle have joined forces. Announced at the Abu Dhabi Finance Week, this strategic alignment aims to make USDC more accessible across Binance's array of services and platforms. 
Binance <a href="https://dailyhodl.com/2024/12/12/binance-and-stablecoin-issuer-circle-announce-strategic-partnership-to-boost-adoption-of-usdc/">reveals</a> that the collaboration will empower users with seamless integration of USDC for diverse applications, including trading, saving, and payments. 
According to Binance CEO Richard Teng, the partnership will provide increased opportunities for users to engage with USDC, introducing more trading pairs and offering unique promotions. Incorporating USDC into its financial operations, Binance signals a notable shift toward on-chain transactions by adopting the stablecoin for its corporate treasury. 
Circle's role in this partnership involves supplying Binance with essential technology and liquidity, as well as fostering critical connections within the financial and commercial sectors. Circle CEO Jeremy Allaire expresses his confidence in the partnership, noting that as Binance ascends as a leading financial super app, USDC's presence is poised to become even more prevalent. 
Binance is the world’s largest cryptocurrency exchange by trading volume, offering hundreds of digital assets and advanced trading options such as margin and futures. Founded by Changpeng Zhao (CZ) in 2017, it quickly rose to dominance due to its competitive fee structures, global outreach, and innovation. Beyond trading, Binance supports an extensive ecosystem encompassing the Binance Smart Chain (BSC), educational initiatives, and investment platforms like Binance Launchpad. Although recognized for its comprehensive services, it has faced regulatory challenges and worked to enhance transparency and compliance worldwide. 
USD Coin (USDC) is a stablecoin pegged 1:1 to the U.S. dollar, developed through a collaboration between Circle and Coinbase in 2018. With a market capitalization of approximately $41 billion, USDC currently ranks as the eighth-largest cryptocurrency, reflecting its widespread adoption. Each USDC token is fully backed by cash and short-term U.S. government bonds, with reserves regularly attested to by independent auditors. Widely integrated across DeFi platforms, exchanges, and payment networks, USDC bridges traditional finance and digital assets by offering price stability and regulatory oversight.

Binance Teams Up With Circle to Expand USDC Ecosystem

Yellow News

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