Binance and Circle have established a strategic cooperation to increase the adoption of the USDC stablecoin.
The partnership allows Circle to leverage Binance's user base and global reach, while Binance benefits from Circle's relationships with US regulators.
With Binance integrating USDC into its corporate treasury operations, the stablecoin's supply is expected to increase and challenge Tether's dominance.
The emerging competition and shifting regulatory landscape may determine the success of USDC and other stablecoins in the market.