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Circle Partners With Kraken, XDC Network For USDC Growth
Circle Partners With Kraken, XDC Network For USDC Growth. Photo By Viktor Forgacs On Unsplash.
Circle has announced it is partnering with Kraken, as well as launching on XDC Network to increase the global growth of its stablecoins.
The company has reached an agreement with Kraken, being one of the biggest and most popular places of trading crypto, to provide better liquidity to the platform and its users, as well enhance the exposure of both $USDC and $EURC stablecoins. The exchange sees over $1B in 24H trading volume and supports over 500 in coins available.
Speaking on this, Head of Consumer Business at Kraken, Mark Greenberg expressed:
“Stablecoins are the financial layer most aligned with crypto’s original architecture. Permissionless, programmable, and global by default. Expanding support for Circle’s products isn’t about ticking boxes. It’s about embedding new opportunities to benefit from Circle’s stablecoins into products our clients already use and trust.”
As well as this, Circle has announced its plans to launch a native $USDC on the XDC Network, a blockchain primed for decentralized trade and financial credit. This will be integrated mainnet through the CCTP V2, allowing users to send and receive the stablecoin for a variety of use-cases, including RWA services and trade settlements.
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