$USDC

On the Binance platform: Overview until June 2025

The currency #USDC (USDC) has solidified its position as a leading stablecoin on the Binance platform, supported by a strategic partnership with Circle. In December 2024, Circle committed $60.25 million to Binance, aiming to promote and integrate USDC into the Binance wallet. Under this agreement, Binance is required to hold at least 1.5 billion USDC, with a target of 3 billion USDC, and to enhance its use across the platform.

This collaboration has yielded remarkable results. In April 2025, the trading volume of USDC on Binance reached a record $219 billion, doubling from its level in January, while the trading volume of Tether (USDT) decreased by about 50% during the same period. Additionally, Binance began converting 15 tokens, including Bitcoin Gold and Monero, to USDC, further integrating the stablecoin into its ecosystem. (cointime.ai, cryptoslate.com, u.today)

These developments underscore the growing importance of USDC on Binance, driven by strategic partnerships and regulatory compliance.