Binance/Circle USDC tie up targets Tethers stablecoin dominance [Video]

Binance and Circle have teamed up to boost the adoption of the USDC stablecoin, a move that calls into question the long-term future of Tether’s dominant USDT.

On December 10, the Binance digital asset exchange and USDC-issuer Circle announced a “strategic partnership to accelerate global USDC and crypto adoption.” Binance will “integrate USDC across its products and services, making it more accessible to its 240 million users for trading, saving, and payments, while also adopting USDC for its corporate treasury operations.”

Circle’s role will be to “provide Binance with technology, liquidity, and tools to enhance user trust and innovation, as both companies collaborate to drive stablecoin utility and innovation in the global financial system.”

Circle CEO Jeremy Allaire tweeted that he’d “long admired Binance for their relentless commitment to product quality, innovation and user-centricity.” Allaire claimed Binance “continues to invest in robust compliance and risk management infrastructure” following the exchange’s $4.3 billion …