Why does Binance not support USDC?

Could you please explain why Binance, a leading cryptocurrency exchange, does not currently support USDC, a popular stablecoin that is designed to maintain a stable value relative to the US dollar? Are there any specific regulatory concerns or technical issues that have led to this decision? Understanding the reasons behind Binance's lack of support for USDC would help investors and traders make more informed decisions when using the platform. Thank you.