USDC Smashes Records with $219B April Volume—Binance Deal Cements Stablecoin Supremacy

Circle’s dollar-pegged stablecoin just posted its biggest month ever—because when crypto’s favorite casino partner jumps onboard, magic happens.

Behind the numbers: Binance’s full integration turbocharged USDC liquidity, proving yet again that centralized exchanges still call the shots in this ’decentralized’ fantasy.

The punchline? Traders flocked to USDC’s ’safety’ while ignoring the irony—using a centralized stablecoin to escape... centralized exchange risks. Wall Street would blush at the cognitive dissonance.

Bitcoin’s volatility and struggle to stay above resistance, first at $90,000 and then $95,000, led to a market-wide aversion to risk. This likely reduced retail participation, which put further pressure on USDT volumes, creating space for USDC to capitalize and strengthen its position.

Regulatory clarity from Europe’s impending Markets in Crypto Assets (MiCA) legislation also poses strategic issues for stablecoins. Compliance with MiCA’s standards will be required in the EU, which will benefit USDC, which has much stronger regulatory positioning and transparency than USDT.