Today we’re excited to announce that Hong Kong-based Crypto.com will leverage Circle APIs to onramp fiat funds, giving their more than 10 million customers access to funds settled in USD Coin (USDC). Using international wire transfers, Crypto.com users can easily add value to their digital asset accounts to buy Bitcoin, Ethereum, and 100 other crypto assets.
In addition, Crypto.com’s global customer base will be able to use USDC for Decentralized Finance (DeFi) investments and to power collecting and trading non-fungible tokens (NFTs).
“Historically, transferring fiat into and out of crypto platforms has been an arduous process. Our partnership with Circle is yet another example of our commitment to working with the best partners in the industry to provide safe, reliable, and easy money transfer solutions to our customers around the world,” Kris Marszalek, Co-Founder and CEO of Crypto.com said.
Crypto.com’s mission is to accelerate the world's transition to cryptocurrency. They have a massive customer base – including across Asia – and provide a range of valuable services. In addition to their app, they have the Crypto.com Visa Card, the Crypto.com Exchange, Crypto.com DeFi Wallet, and a platform for collecting and trading NFTs.
“This partnership will fuel crypto adoption globally and is another example of how innovators continue to break down barriers between traditional finance and the future of payments. We are thrilled to partner with Crypto.com, which has an impressive track record of success and a large, diverse, and dedicated global user base,” said Jeremy Allaire, Co-founder, CEO and Chairman of Circle.
Our announcement with Crypto.com comes on the heels of other global partnerships powered by USDC and Circle APIs:
- In May, we partnered with Matrixport, the largest crypto neobank in Asia, which is leveraging Circle APIs to onramp fiat funds into Matrixport accounts, automatically settled in USDC.
- Earlier this year, we partnered with Visa to enable businesses around the world to take advantage of the combined strength of USDC and Visa's global payments platform and network.
Circle API products make it easy for customers to onramp from fiat to USDC, the world’s fastest-growing, fully reserved and regulated dollar digital stablecoin. USDC supply has grown from about $3 billion to more than $25 billion year-to-date, providing payments and treasury infrastructure for businesses around the world.