Circle and Genesis Form Strategic Partnership to Advance Adoption of USDC in Mainstream Finance

Circle Internet Financial Ltd, a leading global financial technology firm, and Genesis, a leading digital asset prime brokerage firm, have formed a strategic partnership to accelerate the adoption and acceptance of digital dollar stablecoins in mainstream finance. The partnership includes a $25 million investment of capital into Circle from Digital Currency Group (DCG), the parent company of Genesis, as well as joint product efforts aimed at enhancing Circle's new suite of products for businesses and developers with new USD Coin (USDC) yield and lending services.