Circle and Binance Partner at Abu Dhabi Finance Week to Expand USDC Adoption, Market Cap at $40B

Dec 11, 2024, 07:28 AM

Circle Internet Financial and Binance have announced a strategic partnership aimed at expanding the global adoption of the USDC stablecoin. The collaboration was unveiled during Abu Dhabi Finance Week, where both companies outlined their plans to enhance the digital asset ecosystem. Binance will increase the availability of USDC across its platform, while Circle will provide liquidity, technology, and support in building new relationships to facilitate this growth. Circle CEO Jeremy Allaire emphasized the importance of this partnership, stating that it represents a significant shift in the crypto landscape. Currently, USDC has a market capitalization of approximately $40 billion, making it the second-largest stablecoin in the market.