Circle will assist Binance in establishing critical connections within the global finance and commerce sectors. Credit: husjur02/ Shutterstock.

Fintech firm Circle Internet Group has partnered with Crypto platform Binance to enhance the adoption of the USDC stablecoin and support the expansion of the global digital assets and financial services ecosystem.  

Announced during Abu Dhabi Finance Week, the collaboration is set to make USDC, Circle’s fully-reserved digital dollar, widely accessible to Binance’s over 240 million users worldwide. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Through this alliance, Binance plans to integrate USDC across its products and services by enabling users to utilise USDC for various transactions, including trading, saving, and payments.  

Circle will offer Binance with the necessary technology and liquidity to ensure that their users can benefit with USDC.  

Additionally, Circle will assist Binance in establishing critical connections within the global finance and commerce sectors, as mainstream entities seeking to leverage crypto infrastructure and stablecoins. 

Circle CEO and chairman Jeremy Allaire said: “With Binance rapidly becoming the world’s leading financial super app, and stablecoin adoption and utility at the core of this future financial system, this is a tremendous opportunity for USDC as it becomes ubiquitous on the Binance platform.” 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Binance CEO Richard Teng stated: “Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance. We will also work closely with Circle to drive innovation and utility for stablecoins globally.” 

Earlier this month, Circle established an entity within the Abu Dhabi Global Market (ADGM), extending its reach across the Middle East and Africa.  

The company also entered a partnership with LuLu Financial, focusing on optimising remittances and cross-border payments through the use of USDC.