Stablecoin issuer Circle (NYSE:CRCL) and crypto exchange Kraken have announced a partnership that is said to deepen their support for USDC and “expand access to a powerful suite of stablecoin infrastructure.”
The agreement is said to provide users with access to increased liquidity, reduced conversion fees, and new opportunities to deploy USDC across their applications. Kraken will also add the Euro stablecoin EURC to its platform.
Kraken Global Head of Consumer Business Mark Greenberg describes stablecoins as the financial layer most aligned with crypto’s original architecture.
“Permissionless, programmable and global by default. Expanding support for Circle’s products isn’t about ticking boxes. It’s about embedding new opportunities to benefit from Circle-issued stablecoins into products our clients already use and trust.”
Stablecoins may be viewed as the future of payments and value transfer. Fast, secure, and less costly when compared to traditional payment rails.