USDC Adoption Accelerates as Circle Teams Up with OKX
Stablecoin issuer Circle has joined forces with crypto exchange OKX in a new push to expand the reach of USDC.
The collaboration, announced July 8, aims to integrate USDC more deeply into OKX’s platforms and extend its global footprint.
As part of the deal, OKX’s 60 million users will gain faster and more direct access to USDC across its app, web, and API services. Circle’s cross-chain infrastructure will also be embedded, allowing smooth transfers of USDC across networks like Ethereum, Solana, and Avalanche.
This move comes as both companies seek to improve stablecoin liquidity and usability in markets where access to U.S. dollars is limited. Circle CEO Jeremy Allaire described the partnership as a step toward reaching regions underserved by traditional banking, while OKX’s Star Xu emphasized the importance of stablecoin integration in everyday transactions.
Beyond simple integration, the two firms plan to explore new tools for on-chain payments, settlements, and institutional finance. By connecting Circle’s regulated infrastructure with OKX’s user base and exchange volume, the companies hope to position USDC as a serious alternative in global commerce.
The partnership could also prove crucial in Circle’s long-term competition with USDT. While Tether dominates in emerging markets, growing regulatory pressure has opened opportunities for USDC to take market share—especially on platforms like OKX.
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