We’re excited to announce our partnership with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and a stablecoin market leader.
We have long been one of the leading providers of stablecoin liquidity globally, preferred by our clients for the depth and breadth of our stablecoin markets. Building on this strong foundation, the partnership with Circle deepens our support for USDC and expands access to a powerful suite of stablecoin infrastructure.
Together, we are committed to accelerating the responsible growth of stablecoins as core infrastructure for the new internet financial system. As part of this partnership, our clients gain access to increased liquidity, reduced conversion fees and new opportunities to deploy USDC across our applications. We will also introduce access to EURC, Circle’s fully reserved euro stablecoin.
Since introducing stablecoins in 2017, we have seen consistent growth in demand as users increasingly rely on our crypto platform for trading and payments. That momentum, and our overall stablecoin marketshare, has accelerated over the past year as regulatory clarity has improved in jurisdictions across the world and confidence in the category has grown.
Mark Greenberg, Kraken Global Head of Consumer Business: “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-issued stablecoins into products our clients already use and trust.”
Kash Razzaghi, Circle Chief Commercial Officer: “We’re focused on building the world’s largest, most widely used stablecoin network and partnering with leading platforms like Kraken to drive new opportunities for onchain finance. Expanding access to Circle’s products across Kraken’s established ecosystem can help extend the benefits of stablecoins to their millions of users.”
More information on the partnership, including details around expanded products and opportunities for our clients, will be shared in the months ahead.
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