Circle announced last Wednesday, May 19, through its Twitter account, its partnership with Neobank Matrixport, so, in its opinion, it is now easier than ever to go from fiat money to USDC with the leading crypto neobank, using an infrastructure powered by Circle.
“Today we are pleased to announce that Matrixport digital asset finance platform will leverage Circle APIs to fund trust funds into Matrixport accounts, automatically settled in USD Coin (USDC). Through international bank transfers, Matrixport users can easily add value to their digital asset accounts to buy Bitcoin, Ethereum, Litecoin and other cryptocurrencies”, he said through an article published on the Medium platform.
The company noted that Matrixport also offers performance products for stablecoins and crypto deposits, with a limited-time 30% APY offering on new USDC deposits for 21 days.
“We constantly strive to provide our clients with simple and effective ways to enter the cryptocurrency investment landscape. Adding Circle to our payment infrastructure offers our users around the world a simplified way to go from bank to crypto quickly and securely, relying on USDC as a central treasury and settlement infrastructure”, said John Ge, CEO of Matrixport.
In his view, Matrixport has become the “largest crypto neobank in Asia and recently announced that it owns more than $10 billion in AUC. In addition to performance and spot trading services, Matrixport offers leveraged trading products, asset management services and institutional custody”.
For his part, Circle co-founder and CEO Jeremy Allaire said they have “continued to see tremendous growth in the cryptocurrency sector and by closely partnering with Matrixport, Circle gains a unique opportunity to reach customers in Asia and around the world”.
According to the company, Circle API products make it easy for customers to move from fiat money to USDC, the world’s fastest growing, fully reserved and regulated digital dollar stablecoin. “USDC’s offering has grown from $3 billion to more than $15 billion in the first months of 2021 for an annualized growth rate of more than 700%, providing payments and treasury infrastructure for companies around the world. Matrixport is now the leading source for USDC in the Asian markets, and we couldn’t ask for a better partner to help serve this dynamic and growing crypto community”.