Circle Internet Group and OKX announce strategic partnership allowing 60 million users to convert 1:1 between USD and USDC.
Two giants in the digital asset industry have joined hands to expand global access to USDC – the world's second-largest stablecoin. Circle Internet Group (NYSE: CRCL) and cryptocurrency exchange OKX have just announced a strategic partnership aimed at providing over 60 million OKX users with the ability to seamlessly convert 1:1 between USD and USDC.
This collaboration is not merely technical but also aims to help users easily use USDC in transactions, payments, and other digital services. Through this integration, OKX will improve fiat on- and off-ramps by using shared banking partners, thereby simplifying the journey from traditional currency to digital assets.
"The demand for USDC continues to increase from businesses and individuals seeking access to a highly applicable internet currency," said Circle's co-founder, Chairman, and CEO Jeremy Allaire. This move aims to enhance the usability and accessibility of USDC for global users, helping to narrow the gap between fiat and crypto.
Expanding the Global Stablecoin Ecosystem
Beyond liquidation and infrastructure, Circle and OKX will also launch educational and community programs to promote USDC acceptance and help users better understand the benefits of digital currency. OKX's CEO and founder Star Xu shared: "Through this partnership, we continue to improve user experience across the entire platform while promoting stablecoin application in daily financial activities."
This partnership reaffirms the increasingly expanding role of USDC as a globally trusted stablecoin, while reflecting Circle's efforts to expand the applicability of this stablecoin in international markets. For OKX, this adds a new layer of utility and value to their ecosystem, facilitating a smoother conversion process from fiat to crypto.
