Circle is coming into an settlement with a Hong Kong telecommunications agency with the goal of constructing blockchain-based options for the Asia-based firm.
The USDC stablecoin issuer says it’s signing a memorandum of understanding with the expertise, media and telecommunications agency HKT to “discover a possible collaboration in growing blockchain-based buyer loyalty options for retailers in Hong Kong.”
“Leveraging Circle’s experience in Web3 Providers and HKT’s in depth service provider ecosystem and buyer engagement capabilities, the 2 corporations goal to develop buyer loyalty options backed by Web3 expertise that can improve how customers uncover and interact with retailers, fostering extra social and dynamic engagement experiences.”
Circle says its suite of instruments for growing blockchain-based options contains its programmable wallets that allow using crypto belongings and sensible contracts safely and simply.
Information of the potential collaboration between Circle and HKT comes amid a current report that the stablecoin issuer stays dedicated to a public itemizing greater than a yr after the preliminary try.
Circle CEO Jeremy Allaire mentioned,
“We expect we could be a actually fascinating firm in public markets… We’re in a financially robust place and have been capable of construct a really stable enterprise, and we’re at present not in search of any funding.”
The stablecoin big had initially deliberate to go public by utilizing a clean examine firm in July of 2021 when it introduced a proposal to merge with listed particular goal acquisition firm Harmony Acquisition. Circle and Harmony Acquisition, nonetheless, terminated the deal in December of 2022.
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Examine Price Action
Observe us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses you could incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney
