CandleFocus Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie
2024-10-01
Author: Content Editor
Circle, the stablecoin giant, has announced a partnership with venture capitalist Mark Carnegie's MHC Digital Group to bring its USDC stablecoin to Australia and the Asia Pacific region. The partnership aims to increase the distribution of USDC and explore institutional use cases. Circle has been expanding its presence recently, including moving its headquarters to New York City and obtaining licenses to offer dollar- and euro-pegged tokens in the EU. USDC, the second-largest stablecoin, has a market cap of $35 billion. The collaboration with MHC Digital Group will provide USDC access to wholesale clients in Australia and may lead to the creation of an Australian dollar stablecoin in the future.
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