December 11, 2024 - Circle Internet Group Inc. and Binance, two giants in the crypto industry, today announced a new strategic partnership at Abu Dhabi Financial Week to drive the adoption of USDC and Support the development of global crypto assets and the broader financial services ecosystem. As USDC grows and becomes widely adopted as one of the most powerful monetary instruments on the web, this partnership brings together a trusted and compliant digital dollar with the world’s largest crypto-asset platform.

Through this partnership, Binance will use USDC more extensively across its entire suite of products and services, ensuring that its more than 240 million global users can seamlessly use USDC to trade, save and pay.

In addition, Binance will also adopt USDC as an important U.S. dollar stablecoin for its corporate financial reserves, which is a strong signal for the world to develop on the chain.

Similarly, Circle will provide Binance with the necessary technology, liquidity, and other tools so that Binance users can benefit from the trust and innovation that Circle has built for USDC. As global mainstream enterprises seek to leverage crypto infrastructure and stablecoins to meet the needs of increasingly diverse use cases, Circle will also work with Binance to build important relationships in the global financial and business sectors.

Circle Chairman and CEO Jeremy Allaire said: “Binance is a very innovative company and demonstrates its strong commitment to product quality, innovation and user-centricity, as evidenced by its large community of more than 240 million loyal global users.” Binance has quickly become the world's leading financial super application, as well as a stable The adoption and application of fixed currency is at the core of the future financial system, which provides a huge opportunity for the popularity of USDC on the Binance platform. The Binance leadership team continues to build the world’s largest crypto asset company, and I am excited to work with it. They work together."

Richard, CEO of Binance. Teng said: “Circle is undoubtedly one of the most trusted and innovative companies in the crypto-asset ecosystem, and USDC is one of the most prominent products globally. Through our strategic partnership, our users will be able to Make fuller use of USDC on our platform, including more We will also work closely with Circle to promote the innovation and application of stablecoins globally through teamwork, special promotions for USDC-related products, and promotion of other Binance products. Possibilities of the financial system ”