Circle and OKX have joined forces to enhance global access to USDC, announcing a new partnership aimed at deepening liquidity and improving fiat on-and-off ramps for users worldwide.
Under the agreement revealed on July 9, OKX’s 60 million+ customers will be able to convert USD to USDC and back at a 1:1 ratio directly within the platform. This integration spans OKX’s suite of products, offering traders and retail users more streamlined access to Circle’s dollar-pegged stablecoin for trading, payments, and cross-border transfers.
Circle 🤝 @okx
We are partnering with OKX to deepen @USDC liquidity and expand access to 60M+ users worldwide.
Customers will now be able to easily convert between USD and USDC across OKX products and services.
This partnership will provide users with more options, enhance the… pic.twitter.com/QH1VegFI6Y
— Circle (@circle) July 9, 2025
Importantly, the collaboration is also designed to simplify fiat access. By improving connectivity with mutual banking partners, both firms aim to resolve one of crypto’s long-standing challenges—efficient onramping and offramping between traditional currencies and digital assets.
Commenting on the deal, Circle CEO Jeremy Allaire described the partnership as a key milestone in the mainstream adoption of stablecoins.
“Demand for USDC continues from businesses and individuals eager to adopt this new form of high-utility, internet-based money,”
Allaire stated.
“OKX’s global reach and commitment to innovation make them a natural partner in expanding access to USDC.”
Echoing this sentiment, OKX CEO Star Xu emphasized the practical benefits of the integration.
“Partnering with Circle delivers increased liquidity and improved user experience across our platform. It’s a crucial step in accelerating stablecoin adoption in real-world finance,”
he said.
Beyond the core infrastructure upgrades, the partnership will also include educational and community engagement initiatives. These programs aim to raise awareness around the use of stablecoins like USDC and help users better understand their value in everyday financial applications.
Meanwhile, Circle continues to deepen its commitment to regulatory integration. In a separate but related development, the company has formally applied for a national bank charter in the United States. If approved, this would make Circle the first digital currency firm to operate as a fully licensed national bank, marking a significant step in aligning the stablecoin industry with the broader financial system.
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