Summary
- The strategic partnership between Circle and Binance is related to expanding the adoption of stablecoins.
- The utility of stablecoins in inflation hedging and cryptocurrency trading in developing countries was emphasized.
- Circle's CEO Jeremy Allaire emphasized the importance of stablecoins in collaboration with Binance.
Stablecoin issuer Circle and global cryptocurrency exchange Binance have entered into a strategic partnership.
According to a report by Cointelegraph on the 11th (local time), Binance stated at Abu Dhabi Finance Week, "We believe stablecoins will create important use cases in the broader financial ecosystem. They can be used in various ways such as inflation hedging in developing countries, efficient remittances, and cryptocurrency trading."
The two companies plan to continue their collaboration in various fields such as blockchain technology, liquidity provision, and global financial commerce.
Jeremy Allaire, CEO of Circle, emphasized, "The core of Binance's future financial system is the adoption and utility of stablecoins."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
