"With its young, mobile-first and digital wallet ready population, the Asia Pacific region is ahead of the curve when it comes to digital asset adoption," said Chief Business Officer for Circle Kash Razzaghi.
"The move could help superannuation funds avoid big bank fees and the partnership may extend to creating an Australian dollar stablecoin in the future," Carnegie told The Australian Financial Review.
Circle's expansion has been evident in recent times as it moved its headquarters to New York City's iconic One World Trade Center, ahead of its planned initial public offering at a valuation of around $5 billion.
The partnership appears set to cover the Asia Pacific region since Carnegie's company has offices in Australia and Singapore aiming to increase the distribution of USDC in the region."
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