cryptofamily

Binance, the world's largest cryptocurrency exchange, has announced a strategic partnership with Circle, the issuer of USDC, the second-largest stablecoin by market cap, to accelerate its global adoption. The companies announced this on Wednesday at the Abu Dhabi Finance Week, which is taking place in Abu Dhabi from December 9 to 12.

Circle's USDC is the main competitor to Tether's USDT stablecoin. USDT has a market cap of $138 billion, while USDC is worth about $41 billion, according to Coinmarketcap as of December 11. Both companies use primarily US government bonds as collateral to peg their exchange rates to the dollar.