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Circle and Binance Partner to Boost USDC Adoption

USDC gets a big vote of confidence.
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Dec 11, 2024 • 1 min read

Circle and Binance have entered a strategic partnership to bolster the global adoption of USDC. 

What’s the Scoop?

  • Binance and Circle are joining forces to expand USDC’s global footprint, with Binance integrating the stablecoin into its offerings for trading, savings, and payments.
  • Binance will also adopt USDC for its corporate treasury, showcasing its growing role in institutional finance.
  • The collaboration aims to leverage Binance’s massive user base to enhance USDC’s utility and global presence.

Bankless Take

This partnership represents a key moment in stablecoin and crypto adoption. By aligning with Binance’s massive global platform, Circle is positioning USDC for greater reach, a move that could chip away at Tether's continued dominance. The collaboration highlights the increasing synergy between trusted stablecoin issuers and major exchanges, which could drive more institutional adoption and mainstream use.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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