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OKX and Circle Jointly Announce Leading-Edge USDC Experience on OKX Wallet and OKX DEX Aggregator

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  • Launching today and continuing until October 5, OKX and Circle’s joint ‘USDC Zero Network Fee Campaign’ enables OKX Wallet’s Smart Account users to enjoy zero network fee transactions
  • The OKX DEX aggregator becomes one of the first decentralized exchanges to enable USDC cross-chain swaps across Ethereum, Avalanche, Arbitrum and OP Mainnet, with support for more blockchains expected soon

SAN FRANCISCO, Sept. 7, 2023 /PRNewswire/ — OKX, a global leading Web3 technology company, and Circle Internet Financial (Circle), a global fintech firm and issuer of USDC, today jointly announced cutting-edge USDC features on the OKX Wallet and OKX DEX aggregator, marking a new milestone in the Web3 landscape. OKX and Circle are enabling USDC transactions without network fees and integrating the OKX DEX aggregator with Circle’s Cross-Chain Transfer Protocol (CCTP).

The ‘USDC Zero Network Fee Campaign’ enables OKX Wallet’s Smart Account users to conduct USDC transactions without network fees from September 7 to October 5, 2023, with further details available here. OKX Wallet’s Smart Account feature, powered by account abstraction technology and launched on August 2, 2023, enables seamless transactions across multiple blockchains using stablecoins like USDC.

The integration of the OKX DEX aggregator with Circle’s CCTP, a permissionless on-chain utility that enables USDC to move natively between blockchains, provides a more streamlined experience for users trading USDC pairs. The integration also marks a significant step towards cross-chain USDC utility across Ethereum, Avalanche, Arbitrum and the OP Mainnet ecosystems. As new CCTP routes become available, the OKX DEX aggregator is expected to support additional blockchains for USDC cross-chain functionality.

OKX Chief Innovation Officer Jason Lau said: “OKX is committed to improving usability and accessibility for users in the Web3 space, and now users have an even better experience as they interact and transact using USDC. In addition, users can conduct gas-free transactions without network fees using OKX Wallet’s recently launched Smart Account and seamlessly exchange USDC across various networks via the built-in swap feature.”

Circle Chief Strategy Officer and Head of Global Policy Dante Disparte said: “Circle is delighted to improve access to DeFi with CCTP and innovative gas abstraction features built on USDC in order to streamline user experiences, pioneer transformative change in finance and drive greater adoption of blockchain-powered technology.”

For further information, please contact:
[email protected]
[email protected]

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

About Circle

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Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USDC and EUROC – highly liquid, interoperable, and trusted money protocols on the internet. Circle’s open and programmable platform and APIs make it easy for organizations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps or managing their internal treasury. Learn more at https://circle.com.

Disclaimer

The information displayed is strictly for informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal with any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

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Fintech PR

KuCoin Launches KuCoin Pay, a Merchant Solution Leading the Future of Crypto Payments

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VICTORIA, Seychelles, Jan. 2, 2025 /PRNewswire/ — In a significant leap forward for digital commerce, KuCoin has unveiled KuCoin Pay, a pioneering merchant solution designed to catalyze business growth by integrating crypto payments into the retail sector. This innovative system bridges the gap between traditional retail and crypto, offering contactless and borderless transactions. Leveraging KuCoin’s robust infrastructure—trusted globally and serving over 37 million+ users – KuCoin Pay is poised to open new opportunities for merchants and users to thrive in the evolving digital economy.

KuCoin Pay is committed to reducing transaction fees and facilitating immediate settlement of crypto payments, simplifying the process for businesses to manage transactions efficiently. The platform supports an extensive range of cryptocurrencies and blockchain networks, significantly broadening the global reach of payments.

The process for merchants is straightforward: integrate KuCoin Pay into their payment systems, allowing customers to complete purchases through KuCoin by scanning a QR code or via the KuCoin app. This integration ensures a frictionless checkout experience, fostering greater consumer confidence and satisfaction.

Additionally, KuCoin Pay is integrated within the KuCoin app, enabling businesses to tap into KuCoin’s extensive user base while simplifying the buying process for everyday items for users. Daily requests such as gift cards and mobile top-ups can be done seamlessly, further promoting widespread crypto adoption.

KuCoin Pay represents a major milestone in driving the mainstream adoption of crypto and marks a pivotal step in KuCoin’s ongoing commitment to enriching the blockchain ecosystem. For more information on KuCoin Pay and how it can transform your business, please visit the KuCoin Pay website.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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Fintech PR

KuCoin Advances the “Menstrual Equity Project”, Benefiting 4,000 Women in the Bahamas

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NASSAU, Bahamas, Jan. 2, 2025 /PRNewswire/ — On December 31, 2024, the “Menstrual Equity Project” , jointly initiated by KuCoin, Global CSR Foundation, and the American Medical Women’s Association (AMWA), has made new progress. The second batch of aid supplies has been successfully shipped to the Bahamas, providing urgently needed sanitary products for 4,000 local women and effectively improving their quality of life.

The “Menstrual Equity Project” aims to offer sustainable menstrual hygiene solutions to marginalized women and girls, aligning with the United Nations’ Sustainable Development Goals (SDGs). As the oldest multi-specialty medical organization promoting women’s advancement in the medical field and improving women’s health, AMWA’s mission is in perfect alignment with KuCoin’s commitment to social responsibility.

With the support of the Office of the First Lady of Commonwealth of Bahamas H. E. Ann Marie Davis, this round of donated materials focuses on disposable menstrual pads. This decision reflects the local challenges of water scarcity and high washing costs, while also providing essential emergency supplies for women during natural disasters such as hurricanes and typhoons.

Since KuCoin made a firm commitment to social welfare initiatives during the “KuCoin Green Future Gala” at the 28th United Nations Climate Change Conference (COP28) in 2023, the company has actively fulfilled its corporate social responsibilities. The “Menstrual Equity Project” has become a key initiative under this commitment.

In March 2024, the project’s first phase was implemented, distributing 1,000 menstrual kits—each containing 10 sanitary pads and 2 menstrual cups—to Suriname, St. Jude Children’s Research Hospital, and domestic violence shelters in New York and California.

The smooth delivery of the second batch of supplies to the Bahamas will benefit 4,000 women.

Jing Zhao Cesarone,President of Global CSR Foundation, commented:”KuCoin has set a remarkable example in addressing period poverty in underserved regions, demonstrating its enthusiasm and dedication to social responsibility.”

Nancy Cheung, KuCoin’s Chief Sustainability Officer (CSO), emphasized:”As a global leader in the digital economy, KuCoin is committed to advancing the UN’s Sustainable Development Goals (SDGs). Looking ahead, we will continue to focus on key areas such as climate change, health, and education, driving more philanthropic initiatives to fruition. We also plan to expand the scope of the ‘Menstrual Equity Project,’ collaborating with more international organizations to improve women’s living conditions and contribute to global sustainable development.”

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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Inaugural PHBS-IER Conference Highlights Cutting-Edge Economic Research

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SHENZHEN, China, Jan. 2, 2025 /PRNewswire/ — The inaugural PHBS-IER Conference, jointly organized by Peking University HSBC Business School (PHBS) and the International Economic Review (IER), held at PHBS from December 22 to 23. Centered on the theme “Financial Frictions for Firms and Households: Implications for Economic Development and Government Policies,” this two-day event brought together an impressive assembly of over 130 senior professors and emerging scholars from prestigious universities worldwide, including Princeton University, The University of Pennsylvania, Boston University, The University of Southern California, Emory University, University College London, The Chinese University of Hong Kong, Peking University, Tsinghua University, Fudan University, and Cheung Kong Graduate School of Business.

One of the most anticipated moments of the conference was the keynote address delivered by Nobel laureate Thomas Sargent. In his presentation titled “Fiscal Consequences of the US War on COVID,” Professor Sargent traced the evolution of US fiscal and monetary policy from the 19th to the 21st century. He noted that such crises like the long-term impact of wars on fiscal and monetary policy, often lead to fiscal deficits, significant price volatility, and enduring institutional changes. Furthermore, he discussed the complex interactions between fiscal, monetary, and tax policies, particularly emphasizing the role of “game theory” in shaping policymaker decisions. He underscored the importance of “budget constraints,” “coordination between monetary and fiscal policies,” and “power distribution” in managing these challenges.

Other notable presentations covered a broad range of topics and fields within economics. These included research on the impact of multinational corporations on technology development and innovation, investigations into the reallocation and pricing of illiquid capital in financial markets, and explorations of the effects of low interest rates on inflation and debt rollover.

The conference received a total of 211 high-quality paper contributions through an open call for submissions. Among these, eight were ultimately selected for inclusion, six of which were featured in a Special Issue of the IER. Leveraging this opportunity, PHBS and IER aim to deepen their collaboration, establishing an annual exchange platform that will ignite research vitality, promote high-level economic research, and contribute valuable insights to the advancement of economics in Asia and across the globe.

https://english.phbs.pku.edu.cn/info/1021/44872.htm 

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