Binance USDT and USDC Dual-Track Surge: Compliance Shift + Zero Fee Activities + Contract Expansion Become Focus

By the end of 2025, Binance's two major stablecoins, USDT and USDC, have been making frequent moves, igniting the market with three major hotspots: compliance adaptation, cost discounts, and ecological expansion. As of December 20, USDT firmly holds the top position among stablecoins with a market value of $175 billion, while USDC leads the growth race with a market value of $7.34 billion and compliance advantages, together accounting for 85% of the global stablecoin market share.

On the compliance front, Binance has completed the delisting of nine non-compliant stablecoins in the European market to adapt to the EU MiCA regulation, guiding users towards USDC and providing exclusive rewards for users who convert, while automatically transferring non-compliant margin balances to USDC. In terms of transaction costs, the BNB Chain “Zero Gas Fee Carnival” activity will continue until June 2025, with USDT and USDC transfers exempt from fees, and cross-chain bridge transfers also incur no additional costs, having already borne over $3 million in fees for users.

Intensive ecological expansion actions: On December 12, Binance contracts added USUSDT and CYSUSDT perpetual contracts, with a maximum leverage of up to 40 times; previously launched contracts like CLANKERUSDT and APRO leveraged trading also support USDT and USDC pricing. Notably, a trend of capital differentiation has emerged recently, with institutional whales net withdrawing ERC20 versions of USDT and USDC, while retail investors continue to increase their holdings of low-fee TRC20 USDT.

Currently, USDT dominates trading scenarios with high liquidity, while USDC is rapidly breaking through in compliance and institutional scenarios, with both tracks parallel becoming the core of Binance's stablecoin ecology, and future attention can be paid to the continuation of cross-chain discounts # and new policies in compliant regions.