We’re excited to announce our partnership with an affiliate of Circle Web Group, Inc. (NYSE: CRCL), a world monetary know-how firm and a stablecoin market chief.
We now have lengthy been one of many main suppliers of stablecoin liquidity globally, most well-liked by our shoppers for the depth and breadth of our stablecoin markets. Constructing on this sturdy basis, the partnership with Circle deepens our assist for USDC and expands entry to a strong suite of stablecoin infrastructure.
Collectively, we’re dedicated to accelerating the accountable progress of stablecoins as core infrastructure for the brand new web monetary system. As a part of this partnership, our shoppers acquire entry to elevated liquidity, lowered conversion charges and new alternatives to deploy USDC throughout our purposes. We can even introduce entry to EURC, Circle’s absolutely reserved euro stablecoin.
Since introducing stablecoins in 2017, now we have seen constant progress in demand as customers more and more depend on our crypto platform for buying and selling and funds. That momentum, and our total stablecoin marketsharehas accelerated over the previous yr as regulatory readability has improved in jurisdictions the world over and confidence within the class has grown.
Mark Greenberg, Kraken World Head of Shopper Enterprise: “Stablecoins are the monetary layer most aligned with crypto’s unique structure. Permissionless, programmable and world by default. Increasing assist for Circle’s merchandise isn’t about ticking containers. It’s about embedding new alternatives to learn from Circle-issued stablecoins into merchandise our shoppers already use and belief.”
Kash Razzaghi, Circle Chief Industrial Officer: “We’re centered on constructing the world’s largest, most generally used stablecoin community and partnering with main platforms like Kraken to drive new alternatives for onchain finance. Increasing entry to Circle’s merchandise throughout Kraken’s established ecosystem might help lengthen the advantages of stablecoins to their tens of millions of customers.”
Extra data on the partnership, together with particulars round expanded merchandise and alternatives for our shoppers, will likely be shared within the months forward.
