Circle and OKX have entered into a partnership to enhance liquidity for USDC on the cryptocurrency exchange’s global platform.
The collaboration will allow users to convert between US dollars and USDC at a 1:1 rate directly within OKX products and services.
The companies said the integration will also improve on-and-off ramp capabilities through shared banking partners, giving customers a smoother experience when depositing or withdrawing funds.
As part of the agreement, Circle and OKX will jointly run educational and community programs to promote broader understanding of digital currencies like USDC.
“Demand for USDC continues from businesses and individuals eager to adopt this new form of high-utility and internet-based money.
OKX is a preeminent leader in digital asset markets, and by extending USDC’s reach to OKX’s over 60 million global users, we are driving growth in digital asset markets while also building on and integrating with the wide-range of innovative Web3 wallet and payments applications that OKX continues to pioneer,”
said Jeremy Allaire, Co-founder, Chairman and CEO of Circle.
“Our partnership with Circle is important because it delivers increased liquidity and access for customers to a market-leading stablecoin in USDC.
By working together, we’re further improving the user experience across our platform while accelerating the adoption of stablecoins in everyday finance,”
said Star Xu, Founder and CEO, OKX.
Featured image: Edited by Fintech News Singapore, based on image by Who is Danny via Freepik
