Circle is teaming up with a Hong Kong telecom company to create some exciting blockchain solutions.
The issuer of the USDC stablecoin just announced a memorandum of understanding with HKT. They’re looking to explore how they can work together on developing customer loyalty programs for merchants in Hong Kong.
By combining Circle’s strengths in Web3 Services with HKT’s vast network of merchants, they aim to design loyalty solutions that really resonate with consumers. This partnership seeks to improve how people find and connect with their favorite shops, making the experience more engaging and interactive.
Circle offers a range of tools for building blockchain solutions, including programmable wallets. These wallets make it easy and safe to use crypto assets and smart contracts.
This news comes as Circle reaffirms its plans for a public listing, more than a year after their first attempt. Circle’s CEO, Jeremy Allaire, mentioned, “We think we can be a really interesting company in public markets. We’re in a financially strong position and have built a solid business. Right now, we’re not looking for any funding.”
Initially, Circle planned to go public by merging with a special purpose acquisition company called Concord Acquisition back in July 2021. However, they ended that deal in December 2022.