Circle Internet Group (ticker CRCL) has tapped crypto security platform Safe as a “premier institutional storage solution” for its USDC stablecoin.
“As institutions increasingly move onchain, they need trusted, scalable infrastructure to manage capital with confidence. Safe has already proven itself as an important platform for USDC adoption at scale, and this partnership underscores the growing demand for regulated, secure digital dollars in institutional treasury management and DeFi,” Circle Chief Commercial Officer Kash Razzaghi said in a statement on Tuesday.
Safe, formerly Gnosis Safe, is a multisig-based “smart account” platform that secures over $60 billion in digital assets, including at least $2.5 billion in USDC, today. The new partnership will help position “USDC at the core of the Safe ecosystem,” making it “a home for institutional stablecoin DeFi,” Safe founder Lukas Schor said.
According to Dune data, Safe has already processed $25 billion worth of USDC transfers this year, on pace to double its 2024 volume.
“Safe’s programmable multi-signature technology, which already powers nearly 4% of all Ethereum transactions, provides the institutional-grade security required for large-scale treasury operations while maintaining direct access to DeFi’s deepest liquidity pools, where USDC is a dominant asset,” the teams wrote.
The total stablecoin market cap surpassed $300 billion for the first time earlier this month, with Circle’s USDC accounting for nearly a quarter of that amount.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
