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Binance/Circle USDC tie up targets Tether’s stablecoin dominance

CoinGeek LogoCoinGeek3d ago

Binance/Circle USDC tie up targets Tether’s stablecoin dominance - CoinGeek

Quick Summary:

Tether's USDT dominance is under threat with the latest partnership between Binance and Circle, which aims to accelerate the adoption of USDC, a move said to signal a major shift in the crypto market.

The post Binance/Circle USDC tie up targets Tether’s stablecoin dominance appeared first on CoinGeek.

USDC received its MiCA approval in July but Tether CEO Paolo Ardoino has repeatedly stated that Tether won’t comply with MiCA’s requirement for ‘significant’ stablecoins to keep 60% of the fiat reserves in cash in EU banks.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 14:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1759 words

Reading Time: 10 minutes read

Sentences: 61 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 24417315

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Main Topics: Crypto

Official Website: coingeek.com

Year Established: 2012

Headquarters: Canada

News Last Updated: 2 days ago

Coverage Areas: Canada

Ownership: Independent Company

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #82

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