USDC is set to dethrone USDT as key partnership with Binance emerges
Circle’s USDC is the world’s second largest US dollar stablecoin, currently with one-third of Tether’s USDT capitalization and circulating tokens. This scenario could soon shift as Circle announces a key partnership with the world’s largest crypto exchange, Binance. On December 11, Circle’s CEO, Jeremy Allaire, and Binance’s CEO, Richard Teng, announced the partnership at Abu Dhabi Finance Week. As communicated, Binance will adopt USDC for its US dollar corporate treasury and integrate USDC with its products and services. “Circle is without a doubt one of the most trusted and innovative companies in the digital asset ecosystem, and USDC is one of the preeminent products in the world. Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance.” – Richard Teng, Binance CEO ...