Source: Media Outreach
StraitsX account holders will now be able to send and receive USD in their accounts and make USDC transfers
StraitsX account holders will now be able to mint USDC by depositing USD into their StraitsX accounts, and redeem USDC to receive USD in their StraitsX accounts.
With USDC being one of the fastest-growing stablecoins in the world and a widely requested asset from partners on StraitsX, the integration aims to better serve its business, corporate, institutional, and retail users. As of 23 November 2022, over 20 million USDC has been traded since the launch of the StraitsX OTC desk, and in 2022, demand on the platform for the digital asset continues outpacing 2021 growth with three times as many trades year on year.
“We’re thrilled to partner with Circle to start offering USDC to StraitsX account holders. This partnership marks the first time we are directly partnering with another stablecoin issuer and we look forward to more collaborations with like-minded partners such as Circle,” said Aymeric Salley, Head of StraitsX.
“We are excited to partner with StraitsX and we look forward to them offering the stability of USDC to their customers in the Asia Pacific region and beyond,” said Raagulan Pathy, Vice President of Asia Pacific for Circle.
Hashtag: #StraitsX
The issuer is solely responsible for the content of this announcement.
– Published and distributed with permission of Media-Outreach.com.