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Binance deal gives Circle a boost in stablecoin race with Tether, analysts say

Circle's USDC has secured a five-year deal with Binance, potentially enhancing its presence in emerging markets. Analysts tell CoinDesk that while this strengthens USDC's reach, Tether still holds a significant liquidity advantage in the stablecoin race.

Binance deal gives Circle a boost in stablecoin race with Tether, analysts say
Image: CoinDesk

Circle's USDC has secured a five-year deal with Binance, potentially enhancing its presence in emerging markets. Analysts tell CoinDesk that while this strengthens USDC's reach, Tether still holds a significant liquidity advantage in the stablecoin race.

Sources

  • CoinDesk — Binance deal gives Circle a boost in stablecoin race with Tether, analysts say

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