One Finance Group has announced a collaboration with Circle, the issuer of the USDC stablecoin, and Crypto.com to promote USDC-based payments marketing for foreign customers. Under the plan, foreigners who load Crypto.com’s prepaid Visa card with USDC and use it at domestic merchants will receive a 5% cashback in CRO tokens.
The move builds on a December memorandum of understanding with Circle to activate USDC-based payments and acquiring. The group says it will continue to strengthen ties across its subsidiaries to deepen its links with the global crypto ecosystem.
An official stated that the firm aims to develop practical use cases. The use cases would cover the entire lifecycle of stablecoins from issuance to circulation and use.
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