Business and Finance Business and Finance
Wed, December 11, 2024
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[ 07:40 AM ] - United States, Forbes
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[ 07:20 AM ] - United States, Politico
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[ 07:00 AM ] - United States, Fortune
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[ 06:40 AM ] - United States, London Evening Standard
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[ 04:40 AM ] - United States, MSN
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[ 04:00 AM ] - United States, MSN
Crypto giants Binance and Circle team up to take on Tether

Crypto giants Binance and Circle team up to take on Tether


Published on 2024-12-11 04:00:47 - MSN
  Print publication without navigation

  • T wo of the biggest names in crypto are putting aside their long-standing rivalry, and will now work together to grab a bigger piece of the fast-growing stablecoin pie. On Wednesd

The article from MSN discusses a strategic partnership between Binance, one of the world's largest cryptocurrency exchanges, and Circle, a key player in the stablecoin market, aiming to challenge Tether's dominance in the stablecoin sector. This collaboration involves integrating Circle's USDC (USD Coin) more deeply into Binance's ecosystem, enhancing its liquidity and usability. The move is seen as an attempt to provide a more transparent and regulated alternative to Tether (USDT), which has faced scrutiny over its reserve backing and regulatory compliance. The partnership could potentially shift market dynamics by offering users a stablecoin with greater trust and regulatory oversight, thereby attracting more institutional and retail investors to USDC. This initiative comes at a time when regulatory bodies are increasing scrutiny on stablecoins, pushing for more transparency and stability in the crypto market.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/markets/crypto-giants-binance-and-circle-team-up-to-take-on-tether/ar-AA1vE3pO ]

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