Stablecoin issuer Circle has partnered with cryptocurrency exchange OKX to enhance liquidity for conversions of its USDC stablecoin to the US dollar. The new feature allows users to convert USD to USDC and vice versa without any fees, improving the overall on- and off-ramping process, according to Circle’s chief business officer Kash Razzaghi. Partnerships with banks enable these transactions to be frictionless, addressing previous issues like orderbook depth and trading fees. OKX supports USDC across 12 networks, aiming to streamline liquidity and access for its 60 million users. The exchange continues to support other stablecoins, notably Tether USDt, while fostering collaborations with various stablecoin issuers to further improve liquidity.

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