Matrixport Partners with Circle to Add International Bank Transfers with USDC Settlement
SINGAPORE, May 19, 2021 / PRNewswire / – Maxtrixport, asia the world’s largest crypto neobank, today announced a new partnership with global financial technology company Circle to enable international bank transfers to Matrixport accounts, with automatic settlement in USDC.
Funds settled in USDC can be used for crypto investing and trading. Matrixport allows investors to buy Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. Matrixport investors can also earn annual interest on deposits, starting at 11% APY for crypto investments. The partnership between Matrixport and Circle paves the way for thousands of new users who want to join the cryptocurrency ecosystem with the reliability and assurances of USDC.
âWe are constantly striving to provide our customers with simple and efficient ways to enter the crypto investing landscape. The addition of Circle to our payments infrastructure provides our users around the world with a simplified way to switch from the bank to crypto quickly and securely, relying on USDC as a core treasury and settlement infrastructure, âsaid John Ge, co-founder and CEO of Matrixport.
The partnership comes as demand for USDC continues to increase, with more than $ 16 billion USDC now in circulation, multiplied by 30 in the past 12 months and over 400% since January of this year. Stablecoins help facilitate investment, payments, and settlement in the larger cryptocurrency market, with a total market capitalization of over 200% since the start of 2021.
“We have continued to see tremendous growth in the crypto industry and by partnering closely with Matrixport, this gives Circle a unique opportunity to reach customers in Asia and around the world, âsaid Circle co-founder and CEO Jeremy Allaire.
To celebrate the new strategic partnership with Circle, Matrixport is offering all new users a welcome offer of 30% APY on USDC Fixed Income products for 21 days.
Established in February 2019 through Jihan Wu and John Ge, Matrixport is a digital asset finance platform that provides simple and accessible crypto financial products to retail and institutional investors around the world. It provides one-stop crypto financial services including institutional custody (Cactus Custody), spot and leveraged trading, fixed income, structured products, lending and asset management. Matrixport currently has over 10 billion dollars client assets and is one of the fastest growing crypto financial services platforms in the world. Learn more about https://www.matrixport.com
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Circle is a global financial technology company that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce, and financial applications around the world. Circle’s platform has supported over 100 million transactions by over 10 million retail customers and over 1,000 businesses. Circle is also a leading developer of USD Coin (USDC), which, along with Coinbase and the Center Consortium, oversees the standards and protocol for what has become the fastest growing, regulated dollar digital currency. and fully reserved. The USDC now stands at over $ 16 billion and supported more 500 billion dollars in transactions over the past year. Today, Circle’s transactional services, business accounts and platform APIs are spawning a new generation of financial services and business applications that promise to increase global economic prosperity for all through programmable Internet commerce. . Learn more about https://circle.com
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