Circle and OKX launch zero-fee 1:1 USDC-to-USD conversions

Key Points

1. Circle and OKX's partnership enables seamless, zero-fee conversions between USDC and USD directly on the OKX platform.

2. OKX's 60 million users can now convert USD to USDC and vice versa at a 1:1 ratio without trading fees.

3. The integration supports conversions across 12 out of 23 USDC-supported networks, including Ethereum, Solana, and Arbitrum.

4. Circle's broader initiative includes Gateway, a cross-chain infrastructure for instant USDC liquidity across multiple blockchains without traditional bridging.

5. The partnership aims to improve user experience for both retail and institutional users by facilitating faster access to USDC for trading, payments, and transfers.