Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie

Circle, the stablecoin giant, has announced plans to bring its USDC stablecoin to Australia and other regions. It has partnered with venture capitalist Mark Carnegie’s MHC Digital Group to expand the distribution of USDC in the Asia Pacific region and explore institutional use cases. The partnership aims to open up new opportunities in digital finance in Australia and beyond. Circle’s USDC is the second-largest stablecoin, with a market cap of $35 billion. Carnegie’s MHC Digital Group will work with Circle to provide USDC access to wholesale clients in Australia, potentially helping superannuation funds avoid high bank fees. The partnership may also lead to the creation of an Australian dollar stablecoin in the future. This move demonstrates Circle’s ongoing expansion efforts, following its recent HQ relocation to New York and its licensing in the EU.