BCB Group, a self-described “global digital asset financial services group,” has partnered with Circle Internet Financial Limited, a top global financial technology firm in crypto, to ensure the former can take full advantage of the latter’s technology to “improve the speed, efficiency and cost of client payments and settlement across select parts of BCB Group,” according to a press release from both groups.
The goal is for BCB to “being the leading and quickest fiat on/off ramp for rapid USD Coin (USDC) entry/exit in Europe, augmented and enabled by the BCB Business Accounts service,” the release states.
This partnership will mean institutional clients on the BCB platform to take advantage of the USDC token for making payments and holding custody.
Speaking on the matter is Jeremy Allair, the CEO and a co-founder of Circle, who said:
“BCB is an innovative and fast-moving financial services firm that has been at the leading edge of trends shaping the future of the digital assets sector. With institutional demand for digital dollar stablecoins growing rapidly around the world, BCB’s introduction of USDC services will provide clients with a critical piece of market infrastructure that is helping drive significant growth in crypto capital markets.”