Binance deal gives Circle a boost in stablecoin race with Tether, analysts say

Circle's five-year Binance deal could boost USDC adoption in emerging markets, analysts told CoinDesk. However, Tether's liquidity advantage remains a significant barrier, making it hard to dislodge Tether's dominance in the stablecoin race. The partnership is seen as a strategic move for Circle to expand its reach.