LONDON: Aston Martin claimed a Formula One first on Friday in announcing a multi-year sponsorship with Coinbase paid entirely in cryptocurrency.
The exchange platform has become the team’s official crypto partner.
Aston Martin said the sponsorship, whose terms were not disclosed, would be paid to the team in USDC pegged 1:1 with the U.S. dollar.
“This marks the first time any Formula One team has publicly announced the full payment of a partnership with a stablecoin like USDC,” it added. (Reuters)
