Turkish cryptocurrency exchange Paribu said it has become a day-one launch partner for Circle’s Arc network, a move tied to plans to bring the USDC stablecoin into the Turkish market. Under the partnership, Paribu users will be able to deposit, withdraw, and trade USDC through the Arc network. Circle describes Arc as an independent blockchain built specifically for stablecoin payments, with the stated goal of linking traditional finance and digital assets. Paribu is one of Turkey’s major crypto trading platforms, making the tie-up a notable step in Circle’s push for stablecoin payment infrastructure in the country. The announcement was reported by Techub News.
Turkish cryptocurrency exchange Paribu said it has become a day-one launch partner for Circle’s Arc network, according to Techub News.
The partnership is aimed at bringing the USDC stablecoin into the Turkish market and using the Arc network to improve the efficiency of payments and financial services.
What the partnership includes
Paribu, described as one of Turkey’s major crypto trading platforms, said the arrangement will allow its users to deposit, withdraw, and trade USDC through the Arc network.
How Circle describes Arc
Circle has positioned Arc as an independent blockchain designed specifically for stablecoin payments, with the goal of connecting traditional finance with digital assets.
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