Binance pushes out USDC in move to boost own stablecoin – Forkast News
In this issue
- USDC: Ousted
- MicroStrategy: Macro plans
- STEPN: Hello, Hong Kong
From the Editor’s Desk
Dear Reader,
“Survival of the fittest” is a creed that appears to have found favor at Binance this week. Or, perhaps, “survival of the most powerful,” which seems to be the real message coming from the world’s largest cryptocurrency exchange.
Binance’s move to toss USD Coin (USDC) off its platform is a bold gambit to boost the fortunes of its own stablecoin, Binance USD (BUSD) — the third-biggest stablecoin by market cap, following USDC in second place and Tether in the top spot. And the fact that it comes amid reports that Binance is undercutting the fees charged by its main exchange rival, Coinbase — the second-largest crypto exchange in the business — suggests that Binance is making a concerted push for next-level dominance of the crypto space.
If some of this feels familiar, look no further than Google, a company whose control of the search engine market is so complete that it…
Read Full Story: https://forkast.news/binance-pushes-out-usdc-to-boost-own-stablecoin/
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