Circle to Expand USDC Stablecoin to Australia and APAC Region Through Strategic Partnership

Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic collaboration aims to help superannuation funds and high-net-worth individuals avoid significant bank fees by leveraging USDC, which has a market capitalization of $52 billion. The partnership, which includes offices in Australia and Singapore, is part of Circle’s broader strategy to penetrate the APAC market, complementing a similar initiative in Japan and potential plans for a US public listing valued at around $5 billion.