PANews reported on December 17 that, according to an announcement on Circle's official website, Circle, the issuer of USDC, signed a memorandum of understanding with LianLian Global, a licensed cross-border payment institution. The two parties will explore cross-border payment solutions based on stablecoins to improve payment efficiency, transparency, and accessibility, focusing on the needs of emerging markets such as Asia and global merchants. They will also consider promoting the interoperability of traditional payment systems with on-chain settlement through Circle Payments Network and the L1 chain Arc.