CoinBank and Circle reached strategic cooperation agreement to improve stablecoin marketplace

On October 22, 2018, CoinBank, a global digital bank, and Circle, a blockchain financial services organization, began an official friendly cooperation on the stable digital currency USDCoin issued by Circle.

Circle is a world-renowned blockchain financial services company. Its investors include Goldman Sachs, IDG, Baidu, etc. Circle has developed and launched Circle Invest, Circle Trade and Circle Pay, and announced the launch of anchor USD in May this year. Stable class digital currency USDCoin. Circle’s ecosystem is very large. In February of this year, Circle announced the acquisition of Poloniex, the world’s top three digital currency exchanges, for $400 million. Currently, Poloniex offers more than 70 different digital currency transactions, with a single day transaction amounting to $300 million.

After the cooperation is reached, the two sides will jointly promote the Internet into a new era. At present, the stable digital currency USD Coin issued by Circle has landed in the CoinBank ecosystem, and USD Coin will be circulating in more than 20 exchanges and OTCs within the CoinBank ecosystem.

CoinBank co-founder and chief community official Dong.Kuai said: “Circle is a company with great application experience in the global blockchain field. It is our honor for CoinBank to cooperate with Circle as its important partner in the field of digital banking. We will provide excellent resources for Circle to promote the smooth development of cooperation between the two parties.”

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