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What will be the impact of Circle's expansion in the MENA region by December 31, 2025?
2
Resolution / Starting Odds
Significant growth in MENA transactions • 25%
Moderate growth in MENA transactions • 25%
No noticeable growth • 25%
Decline in MENA transactions • 25%
Reports from Circle, regional financial news outlets
Story
Binance and Circle Partner to Boost USDC Adoption Among 240 Million Users
Dec 11, 2024, 12:15 PM
Binance, the world's largest cryptocurrency exchange by trading volume, has entered into a strategic partnership with Circle, the issuer of the USDC stablecoin, to enhance the global adoption of USDC. Under this partnership, Binance will integrate USDC into its full range of products and services, allowing its more than 240 million users worldwide to trade, save, and make payments using the stablecoin. This move is expected to reduce the premium on USDC and aid Binance's compliance and payment operations. Additionally, Circle has expanded its operations in the Middle East and North Africa (MENA) region, while Binance is likely to apply for MiCA CASP authorizations in France to issue USDC as e-money tokens under the Markets in Crypto-Assets (MiCA) regulation. Ripple's stablecoin, RLUSD, has also received approval in New York.
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Similar markets
No significant change • 25%
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Significant increase in trading volume • 25%