Binance Partners With Circle to Push USDC Stablecoin Adoption Across the Globe

The partnership will bring more USDC trading pairs, special promotions on USDC across trading and other products, Binance CEO Richard Teng said.

Binance embraces Circle's USDC stablecoin, making it easier for the crypto exchange's customers to use it.

Through the partnership, Circle's USDC will be more extensively available to over 240 million customers for trading, savings and payments. Binance will also adopt the second-largest stablecoin as "a vital dollar stablecoin" for its own corporate treasury, according to a press release. Circle has typically cast itself as the more regulated stablecoin, so the high-profile tie-up suggests Binance is charting a path that complies with global regulation. Binance settled U.S. allegations last year byAsked if this was a conscious choice to be more compliant with regulations, a Binance spokesperson said via email: "Our users want choices. We always work with multiple stablecoins. Today we support USDT, USDC, FDUSD, and a bunch of others.

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