Block’s TBD Partners With Circle to Create Global Fiat-Crypto Bridges
TBD – a Bitcoin-focused wing of Jack Dorsey’s payments company Block – has partnered with Circle to help expand on and off ramps between the worlds of crypto and fiat. The teams intend to bolster some of crypto’s premiere real-world use cases, from cross-border remittances to stablecoin self-custody.
According to TBD’s announcement, the team will begin supporting Circle’s stablecoin, USDC, on a number of applications to make it easier to build on the tbDEX protocol Web 5 platform. The tbDEX protocol is an attempt to create a decentralized Bitcoin exchange, making it easier to bridge value between the fiat and crypto worlds. At present, moving between each requires the use of centralized exchanges, which collect identifying information from their users due to KYC requirements.
Source
https://t.me/CryptoMarketUpdates
