Circle has entered into a global partnership with FTX, said to be the world’s fastest-growing crypto exchange.
According to Circle, FTX has integrated its APIs and launched fiat and USD Coin (USDC) payments support across FTX and Blockfolio services. By incorporating Circle API Services FTX can enable payments and payout rails through ACH, international wire transfers, and credit and debit cards.
FTX and Blockfolio customers may now fund their dollar balances with instant access for trading using credit and debit cards in nearly 200 countries, with funds instantly settling in USDC.
Sam Bankman-Fried, co-founder CEO of FTX, said that Circle is moving with incredible speed, and as one of the fastest-growing crypto exchanges in the world, FTX has found an incredibly strong partner to build with.
“FTX continues to impress the world with blazing fast execution and innovation, making it among the most formidable companies in the global crypto ecosystem,” stated Jeremy Allaire, CEO and co-founder of Circle. “With our latest collaboration, we’re continuing to pioneer customer experience for payments and crypto trading, and we are thrilled to continue to build together with Sam and the FTX team.”
USDC, a US dollar-based stablecoin, now claims over 15 billion in circulation. Thousands of companies in the blockchain ecosystem have integrated support for USDC in their products and services. Circle’s platform has supported more than 100 million transactions by more than 10 million retail customers and more than 1,000 businesses.