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Circle Partners with FamilyMart to Expand USDC Adoption and Enhance Loyalty Points Utility

2023-10-28 00:11:38.634000

Circle has partnered with FamilyMart and BitoGroup to increase the adoption of the stablecoin USDC [d7e70245]. This collaboration allows FamilyMart customers to convert their loyalty points into USD Coin (USDC) [d7e70245]. Circle aims to expand its business outside of the United States and this initiative is part of that effort [d7e70245]. The partnership with FamilyMart and BitoGroup enables users to transfer USDC to BitoPro accounts, enhancing the utility of FamilyMart's loyalty points and reducing barriers for people entering the digital market in Taiwan [d7e70245]. The process of converting loyalty points to USDC is free of charge [d7e70245]. FamilyMart has over 17 million users worldwide and this collaboration demonstrates the company's commitment to providing maximum convenience to its users [d7e70245]. Circle's entry into this partnership will help develop the USDC ecosystem and build a strong Web3 infrastructure in Taiwan [d7e70245]. This expansion aligns with the Taiwanese government's intention to regulate the crypto industry [d7e70245]. Circle has previously conducted a trial to expand the use of USDC in Singapore [d7e70245].

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