Circle Collaborates with Fireblocks to Enhance USDC Adoption for Institutions
On September 9, Circle, issuer of the second-largest stablecoin, USDC, announced a collaboration with Fireblocks to enhance USDC adoption among financial institutions. Key points include:
- The partnership aims to utilize Circle's Arc blockchain and Fireblocks' infrastructure for cross-border treasury and tokenization.
- Fireblocks will provide its clients access to Circle's stablecoin products, facilitating instant liquidity transfers across supported blockchains.
- Circle's USDC market capitalization has reached $72 billion, an 11% increase in the last 30 days.
- This collaboration is expected to advance programmable money solutions in institutional finance.
The integration positions Circle’s Arc as a foundational layer for building secure, programmable financial systems, with Fireblocks managing over $10 trillion in digital asset transactions.