Given the current environment, where the adoption of the USDC is increasing and has become one of the most dominant utilities of money on the Internet, the forged partnership between Circle and Binance should merge a digital dollar in accordance with a platform that allows the use of digital assets.
The announcement comes just a few months after BVNK and Circle have joined forces to help the USDC usefulness for the global customers of the old. This decision joined the USDC in the BVNK payment services, allowing companies to take advantage of the stable reserve for several payment purposes, in particular global pay and large -scale payers and customer payments.
Binance and Circle collaboration plans
As part of the collaboration, Binance should evolve the availability of the USDC in its suite of products and services, ensuring that more than 240 million world users can access and use the USDC for negotiation, savings and payment applications. In addition, Binance intends to implement the USDC as a stablecoin to its corporate treasure.
At the same time, the partnership allows Circle to equip the binance with technology, liquidity and other tools for its users, as well as to collaborate with the exchange of crypto to develop relations through the world landscape of finance and trade. Circle representatives commented on the announcement, mentioning that, taking into account the position of Binance in industry and that the adoption and usefulness of the stablescoin are at the center of this financial system, the partnership aims to support the wider implementation of the USDC. In addition, Binance stressed that, as part of this strategic alliance, its users acquire additional opportunities to take advantage of the USDC on its platform, including more USDC trading pairs, trading promotions and other products delivered by the company. Binance and Circle aim to support the progress and usefulness of stablecoins in the world, by operating the needs, requests and preferences of customers, while remaining in accordance with regulatory requirements.
