Circle and MHC Digital have announced a collaboration aimed at expanding the use of the USDC stablecoin in the Asia-Pacific region. The initiative includes the launch of an over-the-counter trading platform aimed at institutional clients such as hedge funds and major cryptocurrency companies.

The project could also help reduce international transfer costs for Australian superannuation funds, which could have a significant impact on the market. The collaboration confirms the growing role of USDC in the global financial ecosystem.