Company
Date Published
Author
Jeremy Allaire
Word count
404
Language
English
Hacker News points
None

Summary

Matrixport, Asia's largest crypto neobank, has partnered with Circle to use Circle API services for enabling international wire transfers settled in USD Coin (USDC), facilitating the conversion of fiat funds into cryptocurrency accounts. This partnership allows Matrixport users to easily fund their digital asset accounts to purchase cryptocurrencies like Bitcoin, Ethereum, and Litecoin, and offers yield products, including a promotional 30% APY on new USDC deposits. Circle's APIs streamline the transition from fiat to USDC, a rapidly growing stablecoin with significant supply expansion, making Matrixport a leading USDC provider in Asian markets. Both companies see this collaboration as a strategic opportunity to enhance their reach and service offerings in the dynamic global crypto market.