The cryptocurrency exchanges Binance and Coinbase are showing significant support for USDC (USD Coin) over USDT (Tether), marking a notable shift in the stablecoin landscape. Both platforms have emphasized the transparency and regulatory compliance of USDC, which is fully backed by reserves and regularly audited.
Binance has integrated USDC across various trading pairs and services, highlighting its growing importance in the ecosystem. Meanwhile, Coinbase, a co-founder of the USDC stablecoin alongside Circle, has been actively promoting its use, citing its alignment with global financial standards.
This shift comes as USDT, the largest stablecoin by market cap, continues to face scrutiny over its reserve transparency. By backing USDC, Binance and Coinbase are signaling a preference for stablecoins that prioritize trust and compliance, potentially influencing broader market trends.
