Binance Makes USDC Default Currency for New Binance Pay Users
Binance has introduced a significant update to its payment platform by making the stablecoin USDC the default currency for new users on Binance Pay.
This move marks a strategic shift as the exchange continues to expand its financial ecosystem.
According to Circle, the issuer of USDC, the stablecoin is now automatically set as the primary currency for newcomers to Binance Pay. This platform already supports over 100 other cryptocurrencies, but USDC is now positioned as the go-to option.
In a social media update, Circle highlighted the benefits for users, emphasizing that they can now transfer USDC without gas fees, making it convenient for both personal and business transactions.
Jeremy Allaire, CEO of Circle, praised Binance’s decision, describing it as a major step forward. He pointed out that Binance has quietly evolved into one of the most extensive financial apps globally, with over 250 million users.
By making USDC the default on Binance Pay, which boasts more than 40 million active users each month, Allaire believes this integration will significantly boost access to the stablecoin on the platform.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
