The largest crypto exchange Binance has partnered with Circle to accelerate the global adoption of its USDC stablecoin. Now, over 240 million Binance users will be able to actively use USDC for trading, saving, and payments.

Binance will also accept USDC as a key stablecoin for managing its corporate treasury. Binance CEO Richard Teng emphasized that this will give users access to new trading pairs and special promotions.

Amid competition from Tether, which occupies a leading position among stablecoins, Circle is positioning its product as more regulated. This partnership also confirms Binance’s commitment to global compliance after settling a $4 billion lawsuit in the United States.

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