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The world’s leading cryptocurrency exchange Binance partnered with U.S.-based stablecoin issuer Circle to accelerate the adoption of the USDC stablecoin.
The two companies announced their collaboration at the Abu Dhabi Finance Week on Dec. 11, and said they hope to “support the development of the global digital assets and broader financial services ecosystem.”
The crypto exchange plans to extend the availability of USDC on its platform for trading, saving, and payments applications.
Binance and Circle have not answered Decrypt’s request for comment at press time.
Furthermore, Binance will adopt USDC as the primary stablecoin in its treasury—an action described in the announcement as “a powerful signal about the world moving on-chain.” Circle, on the other hand, will provide Binance with the technology and liquidity necessary to improve its services.
The announcement follows leading stablecoin Tether stopping minting its euro-backed stablecoin, EURT, due to EU regulatory pr…
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