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

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.