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United States-based stablecoin issuer Circle has announced a partnership with Taiwan’s second-largest convenience store chain, FamilyMart, and a local crypto exchange, BitoGroup. According to the company’s press release from Oct. 26, it will deliver a new “Points-to-Crypto” service on the FamilyMart app.
This will allow FamilyMart customers to exchange loyalty points for the Circle-issued (USDC). Customers will be able to withdraw the equivalent of FamiPoints to their BitoPro wallets. The release explains:
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