Close Menu
Cryprovideos
    What's Hot

    Gala Games Introduces Phased Approach to Founder Node Staking

    June 7, 2025

    Bitcoin Indicator Exhibits Rising Divergence Between Whales And Retail – Particulars | Bitcoinist.com

    June 7, 2025

    AB Anyplace: Lists on Binance Alpha | UseTheBitcoin

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Coinbase and Aston Martin Seal F1 Sponsorship Deal Paid in Stablecoin USDC – Decrypt
    Coinbase and Aston Martin Seal F1 Sponsorship Deal Paid in Stablecoin USDC – Decrypt
    Crypto News

    Coinbase and Aston Martin Seal F1 Sponsorship Deal Paid in Stablecoin USDC – Decrypt

    By Crypto EditorFebruary 14, 2025No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Coinbase and Aston Martin Seal F1 Sponsorship Deal Paid in Stablecoin USDC – Decrypt

    Stablecoins are hitting the racing monitor.

    San Francisco-based Coinbase and the UK-based System One group Aston Martin Aramco introduced Thursday a brand new partnership, making the U.S.’s high crypto trade the group’s official associate.

    Coinbase’s branding will seem on Aston Martin’s AMR25 automobile and the racing fits of Fernando Alonso and Lance Stroll through the seventy fifth System One World Championship season as a part of the deal.

    The partnership is especially notable as a result of the undisclosed quantity of the deal is being paid in USDC.

    “Aston Martin had the choice, and when requested, they selected to be paid solely in USDC as a result of they see the advantages,” Coinbase Vice President of Advertising Gary Solar instructed Decrypt in an interview.

    Stablecoins sometimes provide benefits over conventional means, together with decrease and borderless transaction prices.

    “[Aston Martin] are additionally onboarding as a first-rate institutional buyer, making this way more than only a advertising and marketing partnership,” he stated.

    Whereas Coinbase doesn’t promote stablecoins over different cryptos, utilizing USDC, Solar defined, provides better effectivity and pace for large-scale transactions.

    “We’re blissful to pay companions in any kind of crypto they select,” Solar stated. “Companions select sure property based mostly on the way it matches within the broader image.”

    Crypto’s presence in System One isn’t new.

    In June 2021, Crypto.com signed a multi-year partnership with F1. This deal was adopted by one other in February 2022, when Crypto.com entered a nine-year deal price $100 million, with System 1 securing the naming rights to the Miami Grand Prix.

    In December 2024, F1 renewed its partnership with Crypto.com, extending the cryptocurrency trade’s presence within the sport.

    Beneath the settlement the race would formally be often called the System 1 Crypto.com Miami Grand Prix and use the crypto trade’s branding.

    Particular person racing groups have additionally made branding offers, elevating crypto’s profile on the monitor.

    Pink Bull Racing

    Might 2021: Tezos partnered with Pink Bull Racing for NFT and fan engagement initiatives.

    February 2022: Bybit partnered with Pink Bull Racing for blockchain-based initiatives for “crypto-literacy.”

    June 2023: Sui Blockchain creator Mysten Labs partnered with Pink Bull Racing to host real-world and on-line actions in a multi-year deal.

    Mercedes-AMG Petronas

    September 2021: FTX partnered with Mercedes-AMG Petronas as an official crypto trade associate.

    April 2022: FTX and Mercedes-AMG Petronas launched an Ethereum-based NFT assortment, the place choose NFTs included bodily parts from the group’s F1 automobiles.

    November 2022: Following FTX’s collapse, Mercedes suspended the partnership and eliminated FTX branding from its automobiles.

    McLaren Racing

    June 2021: Tezos partnered with McLaren Racing in a multi-year deal to develop NFTs for System 1 followers, and including Tezos’ emblem to McClaren’s automobiles and the fits of their drivers

    June 2024: McLaren partnered with crypto trade OKX to launch a line of free Ethereum-based NFTs that included the sights and sounds from the F1 season.

    Williams Racing

    March 2023: F1 group Williams Racing partnered with crypto trade Kraken to be its world associate after the collapse of FTX ended that deal in 2022.

    Coinbase vs. Crypto.com: The branding battle

    Coinbase’s newest deal places it in direct competitors with Singapore-based Crypto.com, which has aggressively expanded its branding attain.

    In November 2021, Crypto.com secured naming rights to the house of the Los Angeles Lakes for $700 million.

    Coinbase has additionally been increasing its presence in sports activities. In October, Coinbase grew to become the official sponsor of the Golden State Warriors.

    This deal was adopted in November, with Coinbase turning into the official crypto associate of the Los Angeles Clippers because the group ready to enter its new house, the Intuit Dome, after taking part in within the Crypto.com area since 1999.

    “We’ve a giant presence in LA via our Clippers partnership, however we have already carried out so much in sports activities, notably within the U.S.,” Solar stated. “The Aston Martin Aramco deal marks our first step towards a extra world, worldwide partnership.”

    Edited by Sebastian Sinclair

    Every day Debrief Publication

    Begin each day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    AB Anyplace: Lists on Binance Alpha | UseTheBitcoin

    June 7, 2025

    Home Democrats Sound Alarm on CLARITY Act: Affect 'Will Not Be Quarantined to Crypto', Says Skilled – Decrypt

    June 7, 2025

    Musician made $3M promoting NFTs and misplaced all of it to taxes and a crypto crash

    June 7, 2025

    Whale Switch Sends Billions of SHIB to Coinbase—What’s Going On? – BlockNews

    June 7, 2025
    Latest Posts

    Bitcoin Indicator Exhibits Rising Divergence Between Whales And Retail – Particulars | Bitcoinist.com

    June 7, 2025

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025

    Extensively Adopted Analyst Outlines Bullish Path for Bitcoin, Says BTC Will Battle Gold and ‘By no means Look Again’ – The Day by day Hodl

    June 7, 2025

    Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

    June 7, 2025

    Bitcoin MVRV Ratio Kinds Bear Cross—Brace For Affect?

    June 7, 2025

    Public Keys: Gemini Twinning Circle, Technique's 'Most popular' Bitcoin Play – Decrypt

    June 7, 2025

    Bitcoin ATM Operator CoinFlip Targets $1B Sale as Market Shifts

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Thailand to dam Bybit, OKX and different crypto exchanges on June 28

    May 30, 2025

    Crypto's vitality downside could have a DePIN resolution

    May 11, 2025

    Nasdaq's 24-hour buying and selling plan attracts inspiration from crypto market

    March 8, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.