Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic collaboration aims to help superannuation funds and high-net-worth individuals avoid significant bank fees by leveraging USDC, which has a market capitalization of $52 billion. The partnership, which includes offices in Australia and Singapore, is part of Circle’s broader strategy to penetrate the APAC market, complementing a similar initiative in Japan and potential plans for a US public listing valued at around $5 billion.

Source : Bitcoin News - Oct 2, 2024