Circle CEO Allaire Supports Binance Stablecoin Decision

Jeremy Allaire, the co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, has responded to the Binance cryptocurrency exchange’s move to stop supporting USDC trading.

The Circle CEO said on Tuesday that Binance’s upcoming changes could help make USDC the standard stablecoin rail between centralized exchanges (CEXs) and decentralized Exchanges (DEXs).
Allaire thinks that the development is not only good for Binance but also an ultimate benefit to USDC utility and adoption.
USDC has a higher market cap than BUSD and also enjoys a greater volume and usage outside of Binance’s exchange.
However, Allaire believes the new …
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