Circle, issuer of stablecoin USDC, and KryptoGO, a leading Web3 infrastructure platform, have partnered to drive the worldwide adoption of stablecoins and enhance compliance solutions, as KryptoGo seeks to expand into the Middle East.
As per the announcement, this collaboration represents a major step forward for both companies in enabling efficient, and scalable virtual asset management solutions across various industries.
KryptoGO’s products, including the KryptoGO Studio and KryptoGO Wallet, now offer seamless integration of stablecoin features such as peer-to-peer transactions, social payments, etc.
“We are excited to collaborate with Circle to bring our vision of a compliant stablecoin ecosystem to life,” said Kordan Ou, CEO of KryptoGO. “At KryptoGO, our focus is on delivering solutions that uphold regulatory standards while offering users a seamless experience in managing their virtual assets. This partnership allows us to expand globally, making stablecoin transactions more accessible and reliable for users worldwide.”
The global stablecoin market has seen exponential growth, with a total market capitalization exceeding $1.6 trillion. USDC alone accounts for more than 20% of this market, offering a highly regulated stablecoin option.
As part of its strategic expansion into global markets, KryptoGO is actively focusing on regions such as the Asia-Pacific, Middle East and Asia, where demand for stablecoin solutions and compliant virtual asset services is rapidly increasing.
The collaboration between KryptoGO and Circle opens up new possibilities for stablecoin adoption in industries such as telecommunications, payroll, and financial services, particularly in the rapidly growing Asia market.
