Binance Partnership Fuels USDC’s Record $219B Trading Volume Surge in April

The stablecoin USDC achieved a historic milestone in April 2025, with its trading volume skyrocketing to $219 billion – doubling since January. This explosive growth is primarily attributed to Circle’s strategic collaboration with Binance, which significantly expanded USDC’s market penetration. While USDC thrives, the broader stablecoin market exhibits volatility, with Tether’s USDT experiencing a notable decline in centralized exchange volume since November 2024.

USDC Trading Volume Hits Record $219 Billion in April Amid Binance Partnership

USDC’s trading volume surged to an unprecedented $219 billion in April, marking a doubling of activity since January. The growth stems largely from Circle’s strategic partnership with Binance, which has amplified the stablecoin’s market reach.

While USDC thrives, the broader stablecoin market shows signs of strain. Tether’s USDT has seen its trading volume on centralized exchanges nearly halve between November 2024 and April 2025—a decline attributed not to issuer-specific problems but to a wider market cooldown.

Binance Proposes Major Gas Fee Reductions on BNB Chain to Compete with Ethereum and Solana

Changpeng Zhao, founder of Binance, has unveiled an aggressive plan to slash gas fees on the BNB Chain by up to 90%. The move strategically targets Ethereum and Solana, currently the dominant players in the layer-one blockchain space.

BNB Chain already processes over 7.2 billion transactions with an average fee of $0.0945—significantly higher than Solana’s $0.0035 but markedly cheaper than Ethereum’s $0.42. The proposed cuts could dramatically alter the competitive landscape.

The initiative faces technical challenges, particularly in maintaining network security against spam attacks while implementing such drastic fee reductions. Binance’s ability to strike this balance will determine the chain’s viability as a low-cost alternative.