Today we’re excited to announce that digital asset financial platform Matrixport will leverage Circle APIs to onramp fiat funds into Matrixport accounts, automatically settled in USD Coin (USDC). Using international wire transfers, Matrixport users can easily add value to their digital asset accounts for purchasing Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
Matrixport also offers yield products for crypto and stablecoin deposits, with a limited-time 30% APY offer on new USDC deposits for 21 days.
“We constantly strive to provide our customers with simple and effective ways of getting into the crypto investment landscape. Adding Circle to our payment infrastructure offers our users around the world a streamlined way to go from bank to crypto quickly and securely, relying on USDC as a core treasury and settlement infrastructure,” Matrixport CEO John Ge said.
Founded in 2019, Matrixport has become Asia’s largest crypto neobank, and recently announced holding more than $10 billion in AUC. In addition to spot trading and yield services, Matrixport offers leveraged trading products, asset management services, and institutional custody.
“We have continued to see huge growth in the crypto sector, and by partnering closely with Matrixport, Circle gains a unique opportunity to reach customers in Asia and around the world,” Circle Co-founder and CEO Jeremy Allaire said.
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 $3 billion to more than $15 billion in the opening months of 2021 for an annualized growth rate of more than 700%, providing payments and treasury infrastructure for businesses around the world. Matrixport is now the leading source for USDC in Asian markets, and we couldn’t ask for a better partner to help serve this dynamic and growing crypto community.