In section Cryptocurrency

Circle and OKX deepen stablecoin integration for traders

Circle and OKX are expanding the reach of USDC across spot, margin, and futures markets, aiming to bolster liquidity for the dollar-pegged stablecoin. The collaboration includes a new incentive program designed to drive adoption among active traders while building on the exchange's existing infrastructure for digital asset conversion.

Circle and OKX deepen stablecoin integration for traders

The partnership introduces the USDC Margin Growth Program, which offers qualifying users a monthly reward of 100 USDC. To participate, traders must hold at least 20,000 USDC in their accounts for 17 consecutive days and maintain a trading volume exceeding 1,000 USDC in eligible pairs. The program is limited to 4,000 participants per month on a first-come, first-served basis.

This initiative follows a series of technical integrations between the two companies. In August, Circle brought its native USDC and Cross-Chain Transfer Protocol to X Layer, OKX’s Ethereum-compatible network. This move allows developers to utilize native tokens rather than bridged assets, streamlining settlements and lending activities. These efforts align with Circle’s broader strategy to position USDC as a primary collateral and settlement asset across both centralized and decentralized trading environments. As of the second quarter, USDC circulation reached $73.3 billion, with the issuer continuing to expand its network of over 150 partners globally.

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