#RiskRewardRatio USDC Now Default Currency for New Binance Pay Users Says Stablecoin Issuer Circle

"For new Binance Pay users, USDC is the default currency today!

Users of Binance Pay may immediately send and receive USDC to friends and relatives with zero gas prices, while companies can easily accept USDC payments.

Jeremy Allaire, Circle CEO, compliments Binance on their choice. According to him, the advancement would let millions of customers more easily access USDC on the crypto payment platform of the exchange.

"A huge step by Binance, who has silently established one of the biggest financial mega applications in the world with over 250 million users, and has now declared USDC the default currency for Binance Pay, its P2P (peer to peer) and merchant payment solution with over 40 million monthly active users (MAUs).”

At roughly $60.518 billion, USDC is now the second-largest stablecoin by market capitalization.

With a market capitalization of $144.03 billion, Tether (USDT) is the top stablecoin by a great margin.

The announcement follows claims that Circle is getting ready for a first public offering (IPO) this month. Fortune revealed in March that Circle was working with JPMorgan Chase and Citi to publicly list the shares of the stablecoin issuer late this month.

#BinanceAlphaAlert #BinancePay #USDC #TrumpTariffs #BTCvsMarkets $USDC