Circle and OKX launch 1:1 USD to USDC instant exchange service

Circle Internet Group, Inc. (NYSE: CRCL) and OKX, a leading global crypto exchange, today announced a partnership to increase liquidity between USD and USDC and provide a more convenient digital currency trading experience for OKX's more than 60 million global users. Through this partnership, customers will be able to easily exchange USD and USDC instantly at a 1:1 ratio across OKX's various products and services.

In the partnership, OKX will simplify the deposit and withdrawal process of USDC through mutual bank partners, allowing global users to use USDC more efficiently for transactions, payments and other activities. At the same time, Circle and OKX will also jointly carry out educational projects to help users better understand the advantages of USDC and other digital currencies, and promote the popularization of digital currencies in the global financial system.

Jeremy Allaire, co-founder, chairman and CEO of Circle, said: "Demand for USDC continues to grow among businesses and individuals who are eager to adopt this new and efficient Internet currency. As a preeminent leader in the digital asset market, OKX is able to expand the use of USDC to more than 60 million global users, which will drive the growth of the entire digital asset market and provide a stronger foundation for OKX's innovation in Web3 wallets and payment applications."

Xu Mingxing, founder and CEO of OKX, said: "The cooperation with Circle is crucial for us because it not only improves the liquidity of USDC, but also provides a convenient channel for global users to obtain market-leading stablecoins. Through this cooperation, we will further enhance the platform user experience and accelerate the widespread use of stablecoins in daily financial applications."

This cooperation will not only provide users with more choices and enhance the trading experience, but also open up new opportunities for global businesses and individuals to seamlessly use USDC. Through this cross-border cooperation, Circle and OKX jointly promote the further development of the stablecoin and digital asset markets and promote global financial innovation.