Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC

Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC

by Jeremy

The action effectively removes the world’s second biggest stablecoin USDC, with a market cap of nearly $52 billion (compared to USDT’s $67.5 billion) as a tradeable asset on Binance’s platform. The move is also a blow to Circle Internet Financial, the issuer of USDC.

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