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Who Benefits From Binance Converting USDC to Its Own Stablecoin?

The world’s largest crypto exchange is “consolidating” liquidity around its own stablecoin, BUSD – in a move that could benefit Circle and harm Tether.

Updated Jun 14, 2024, 4:19 p.m. Published Sep 6, 2022, 5:22 p.m.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)