Algorand and XBTO Enter into Market Making Partnership

The Algorand Foundation has announced a partnership with global digital asset manager XBTO to provide market making services for the ALGO token and enhance the liquidity and transfer efficiency of the USDC stablecoin. XBTO will provide continuous liquidity for ALGO on primary and secondary exchanges, while leveraging Algorand's high-performance blockchain to optimize USDC transfers between custodial wallets and exchanges.