Binance Partners With Circle to Boost Stablecoin

The world’s largest exchange will offer more USDC trading pairs and even increase its holdings of the dollar-pegged digital currency.

Circle, the issuer of the USDC stablecoin, and cryptocurrency exchange Binance have announced a partnership to expand the token’s use on the trading platform as part of a plan to accelerate growth.

Binance will list more USDC-denominated cryptocurrency trading pairs and offer special promotions related to USDC trading. Binance also plans to hold USDC in its own corporate treasury, according to a statement. A Binance spokesperson declined to comment on how much USDC the company plans to hold, adding that the stablecoin will be added “over time.”

The expanded partnership comes as Circle’s main competitor, Tether, increases its dominant market share with its USDT token during the current cryptocurrency rally. At the same time, Binance is looking to cement its market leadership after reaching a $52,253,408,2724 billion settlement last year with the U.S. over a series of charges related to violations of anti-money laundering laws and economic sanctions.

source: valor econômica (www.valor.globo.com)

82376289162#establecoin #usdc #circle