December 19, 2023

Circle Partners with Fuze To Enhance USDC Usage in Middle East

Circle x Fuze

Circle x Fuze

Circle Internet Financial, a top global financial technology firm, has entered into a strategic partnership with Fuze, a regulated digital assets infrastructure provider in the UAE.

The partnership aims to increase the usage of USDC, Circle’s US-dollar-backed stablecoin, in the region. The Memorandum of Understanding (MoU) signed by Circle and Fuze outlines their joint efforts to introduce USDC to a wider range of customers in MENA, including banks, fintech companies, traditional businesses, and Web3 firms.

Miriam Kiwan, Circle’s VP of Partnerships & Business Development, MENA, stressed the importance of the partnership in promoting financial inclusion. “This collaboration is a significant milestone in our efforts to improve financial inclusion and drive the adoption of full-reserve payment stablecoins throughout MENA,” Kiwan said.

She added that the partnership aims to enhance the accessibility and usage of USDC while fostering greater integration between regional and global finance networks.

CEO and Co-founder of Fuze, Mohammed Ali Yusuf (also known as Mo Ali Yusuf), has expressed his excitement about the shared vision between Circle and Fuze. Both companies aim to create more efficient financial services and deliver digital assets infrastructure that builds a more connected and inclusive economy.

Yusuf saw an opportunity for a fruitful collaboration that could shape the future of finance. It is worth noting that Fuze has been instrumental in advancing digital assets infrastructure across the region.

The company’s founders – Mo Ali Yusuf (CEO), Arpit Mehta (COO), and Srijan Shetty (CTO) – have secured robust regulatory frameworks and licensing while also securing substantial seed funding. This marks a significant milestone in MENA’s digital asset startup landscape. Fuze is committed to accelerating product implementation and growth and will continue to work closely with local and regional regulatory bodies.

Author profile

Whether you want to learn about NFT, Blockchain, Web3.0, Metaverse, or any other emerging technologies, we have the vital resources that will enlighten and help you make an informed decision.