USDC introduced in Australia! Circle collaborates with venture capital MHC to jointly promote institutional applications, expected to launch an Australian dollar stablecoin.

The issuer of the digital dollar USDC, Circle, recently announced a partnership with MHC Digital Group, a company under Australian venture capitalist Mark Carnegie. As MHC has a presence in Australia and Singapore, the collaboration aims to introduce USDC to the Australian market initially, with a focus on institutional applications in the Asia-Pacific region.

USDC Helps Australian Retirement Funds Avoid High Fees, Future Launch of Australian Dollar Stablecoin Possible

Australian venture capitalist Carnegie believes, "Introducing USDC can help our retirement fund management institutions avoid high fees from banks, thus retaining more retirement funds. Based on our cooperation, we look forward to the possibility of issuing an Australian dollar version of a stablecoin in the future."

He also stated, "Many people say that cryptocurrencies have no practical use, but in fact, there are already billions of dollars transacted globally through cryptocurrencies, with costs far lower than traditional payments." He emphasized that cryptocurrencies are a better option for international payments, and Circle has the potential to become the biggest winner in the regulated stablecoin market. He is very excited about the upcoming collaboration.

Recently, Circle has made significant moves in the global market, relocating its headquarters to the World Trade Center in New York in September of this year, choosing to settle in the global financial hub, seemingly preparing for a U.S. IPO. In addition, USDC has also been launched in Mexico and Brazil, allowing local users to transact through real-time payment systems, rather than relying solely on cryptocurrency exchanges. It is worth mentioning that Circle has become the first stablecoin issuer to obtain compliance under the EU's MiCA regulations, able to provide services for both USDC and the Euro stablecoin, EURC.