Circle’s USDC is currently the world’s second-largest stablecoin pegged to the US dollar. It holds one-third of Tether’s USDT capitalization, creating an intriguing competitive landscape that could be changing soon. Circle has announced a significant partnership with Binance, the largest cryptocurrency exchange, which could enhance USDC’s market presence. This development could shift the balance of power in the stablecoin market, making USDC a front-runner to dethrone USDT. As the partnership unfolds, all eyes will be on how it impacts market dynamics and investor sentiment.