USDC Usage in Australia Expanded

Circle is facilitating the adoption of the USDC stablecoin among institutional investors in Australia through a partnership with MHC Digital Group. The collaboration will provide large financial institutions with tools to reduce costs and simplify financial transactions.

Circle Internet Financial announced a strategic partnership with MHC Digital Group, Australia’s leading digital asset platform. As part of the collaboration, USDC will become available to institutional and retail investors with high capital in Australia.

The initiative seeks to strengthen USDC’s position in the Australian market and the Asia-Pacific region. As part of the partnership, MHC Digital Group will provide its clients with access to USDC on favorable terms. Mark Carnegie, Venture Investor and Founder of MHC Digital Group, noted that crypto payments can significantly reduce costs for major Australian financial institutions, including pension funds. He emphasized that Circle’s commitment to regulatory compliance makes USDC the safest choice for local investors.

Circle’s collaboration with MHC Digital Group also includes the launch of an OTC trading platform for high-net-worth individuals and crypto companies, enabling large transactions with digital assets in a secure and efficient manner.

Kash Razzaghi, Chief Business Officer for Circle, reiterated that the Asia-Pacific region is a priority for the company within the framework of USDC distribution, as the local population actively uses digital wallets and mobile technologies.

Circle is preparing to become a public company in the United States and continues to expand its presence in various financial markets. In July this year, the company became the first licensed stablecoin issuer in the European Union. In September, Circle launched a specialized compliance solution for Web3 apps.

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