Chelsea FC will display the name of Circle’s USDC stablecoin on the front of its shirts during the club’s upcoming football season, according to Circle, as reported by Cointelegraph. The sponsorship comes after a warning from the UK Financial Conduct Authority to football clubs regarding cryptoasset promotions. USDC is a stablecoin associated with Circle. The announcement places the crypto asset’s branding on one of football’s most visible commercial platforms, while highlighting the growing connection between digital-asset companies and sports sponsorships. The available information does not specify the financial terms of the agreement or provide further details about the partnership. For markets, the development is directly relevant to USDC and Circle’s brand presence, but no impact on the stablecoin’s price or adoption was provided.
Source
Cointelegraph
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