Cryptocurrency26 Sept 2026SEO 801 min read

Analysis: Binance deal gives Circle a boost in stablecoin race with Tether, analysts say

The five-year deal could strengthen USDC’s reach in emerging markets, though Tether’s liquidity advantage remains hard to dislodge, analysts told CoinDesk. Bin…

The five-year deal could strengthen USDC’s reach in emerging markets, though Tether’s liquidity advantage remains hard to dislodge, analysts told CoinDesk. Binance's $100 million stake and tie-up gives Circle a powerful distribution channel in markets where USDT is deeply entrenched, analysts said. USDC trading on Binance has already surged since the companies first partnered in 2024, Kaiko data shows. Tether still benefits from deeper local liquidity and long-standing user habits, limitin…

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