Circle Internet Group, Inc. announced a strategic partnership with Safe, an onchain asset custody protocol, to establish Safe as an institutional custody solution for its USDC stablecoin. The collaboration is aimed at addressing the increasing demand from institutions for secure, programmable, and self-custody solutions for managing digital assets. Safe's multi-signature technology, which already secures over $60 billion in digital assets and powers a significant percentage of Ethereum transactions, will provide the institutional-grade security necessary for large-scale treasury operations. Circle's Chief Commercial Officer, Kash Razzaghi, stated that the alliance highlights the growing need for regulated and secure digital dollars in institutional treasury management and Decentralized Finance (DeFi). Currently, $2.5 billion in USDC is held in Safe smart accounts.