USDC has the potential to facilitate the move between the traditional financial system and the evolving world of digital assets.
The cryptocurrency, which is known as a stablecoin, is attached to the value of the US dollar. It is used in several financial applications to produce stability, like remittances and cross-border payments.
USDC can be applied to many areas, including financial inclusion, decentralised finance and global payments to drive innovation whilst providing a stable form of trade for daily transactions.
BVNK-Circle Partnership
This week, BVNK and Circle have announced a partnership that will enhance USDC for BVNK’s customers globally.
Through this, businesses will be able to utilise the impressive stability and speed of USDC for many payment use cases as BVNK will incorporate the cryptocurrency further into its payments offerings.
Chris Harmse, Co-founder and Chief Business Officer at BVNK, comments: “Businesses are diversifying their supply chains, and growing their customer bases globally, but existing payment options don’t always make that easy. Stablecoins like USDC travel on 24/7 blockchains, connecting buyers and sellers globally in an instant.”
“Our partnership with Circle reflects our shared vision to accelerate the global movement of money in a safe and compliant way. It also demonstrates the increased demand we’re seeing from our business customers for efficient, secure ways to pay across borders.
“We’re excited to work with Circle to deploy USDC in new fast-growing payments use cases like contractor payouts and reward disbursements.”