Circle to grow its USDC stablecoin in MENA region

USDC stablecoin issuer Circle, based out of the USA, has been facing regulatory scrutiny in its home base, pushing it to look outside and develop partnerships with entities such as Fuze Finance in the UAE,to grow its USDC stablecoin market share in MENA region.

Timeline of Usd-coin

S&P Global Ratings, a leader in providing credit ratings, announced a crucial series of stability assessments for various stablecoins on Dec. 12, rating each asset's stability strength on a five-point scale.

Stablecoins like USDC have become a cornerstone in the cryptocurrency ecosystem, offering unique stability and reliability. This article provides an in-depth exploration of the USDC Coin, offering you a detailed understanding of its functions, market dynamics, and the organization behind it, particularly Circle USDC.

Circle and Nubank (NYSE:NU), which claims to be one of the world's largest digital financial platforms serving 90 million customers across Brazil, Mexico, and Colombia, announced a partnership to extend USDC access to Brazilian Nubank customers.

Tether seems to be emerging as king in the stablecoin race, largely influenced by geography and regulations. As the United States puts further pressure on crypto companies, the rest of the world has decided which stablecoin it wants to use for dollar transactions.

Circle, a payment services company, and SBI Holdings, a conglomerate of financial companies, have partnered to bring liquidity services for the use of USDC, one of the largest stablecoins in the cryptocurrency market, to Japan, and promote the local use of stablecoins in the Web3 industry.

USDC (CRYPTO: USDC) stablecoin issuer Circle signed an agreement with Japanese securities and banking major, SBI Holdings. This will expand stablecoin usage in Japan and widen the use of Circle's Web3 services.

Stablecoin issuer Circle signed a Memorandum of Understanding (MoU) with Japanese financial giant SBI Holdings to boost USD Coin (USDC) circulation, establish a banking relationship, and expand its presence in the Asian country, according to a Nov. 27 statement.

In addition to securing a new banking partner for its USDC stablecoin, Circle said that SBI will adopt its other business offerings, providing end-to-end development, deployment, and operations platforms for building and operating Web3 apps across blockchains.

Circle has partnered with SBI Holdings to drive the adoption of the USDC stablecoin and Web3. SBI Shinsei Bank, a subsidiary of SBI Holdings, will facilitate access to USDC in Japan.

Circle, the entity issuing the USDC stablecoin, has announced a partnership with Japanese securities and banking giant SBI Holdings in a bid to boost USDC circulation in Japan. The agreement was made in a memorandum of understanding (MOU) and requires SBI Holdings to register as an electronic payment services provider in Japan.