Binance and Circle will promote USDC

The company Circle and the cryptocurrency exchange Binance have partnered to expand the global presence of the stablecoin USDC.

Circle co-founder and CEO Jeremy Allaire said that the world's largest cryptocurrency exchange and super app is joining forces with a trusted and regulated stablecoin operator to work on the next stage of cryptocurrency adoption. 

It is reported that Binance will expand user access to USDC through its products and services. Additionally, the exchange will add the "stablecoin" to its treasury asset list. Circle will provide the platform with "liquidity, a range of technologies, and other tools."

"We will also collaborate on products and partnerships that will facilitate the use of stablecoins and crypto infrastructure in everyday financial activities and trading around the world," Allaire added.

Previously, we reported that the cryptocurrency exchange Binance launched On-chain Yields financial products.