Company Updates USDC

BCB Group Partners with Circle to Answer Growing Institutional Demand for USDC Stablecoin Payments, Clearing & Custody

BCB Group Partners with Circle to Answer Growing Institutional Demand for USDC Stablecoin Payments, Clearing & Custody

Josh Hawkins Josh Hawkins August 6, 2020

We are very excited to announce today that BCB Group, a fast-growing challenger bank based in the United Kingdom, has partnered with Circle to expand business services offered to institutional clients, including the use of USD Coin (USDC) for payments, clearing and custody. 

circle and bcb group

Banks around the world are embracing digital dollar stablecoins as a new internet-native rail for critical business use cases and seizing growing opportunities in new market segments. With wide-ranging benefits including secure, low-cost global payments, powerful new solutions trade finance, and increasing regulatory clarity in major markets, dollar-backed stablecoins are entering a period of mainstream adoption across diverse industry segments. 
 

Jeremy Allaire, Co-founder and CEO, Circle, commented:

“BCB is an innovative and fast-moving financial services firm that has been at the leading edge of trends shaping the future of the digital assets sector. With institutional demand for digital dollar stablecoins growing rapidly around the world, BCB’s introduction of USDC services will provide clients with a critical piece of market infrastructure that is helping drive significant growth in crypto capital markets.”

 

Oliver von Landsberg-Sadie, Founder and CEO, BCB Group, added:

“We are excited to be working with global leader Circle and look forward to bringing to market solutions that offer our clients the benefits of USDC in this period of rapid growth for the industry.  As a trusted partner to world-class institutions, we remain committed to delivering industry-leading service, as well as to our shared mission — fostering financial inclusion through technological transformation." 

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