According to AltcoinGordon, Circle's stablecoin USDC is now the default currency for all new Binance Pay users. This development is likely to increase USDC's transaction volume and integration within the Binance ecosystem, potentially impacting its liquidity and trading dynamics.

According to @_RichardTeng, Binance Pay experienced substantial growth in 2024 with its user base expanding to 41.7 million, a threefold increase year-over-year. The platform's transaction volume skyrocketed to $72.4 billion, up from $2.5 billion in 2021. USDT accounted for 80% of the total transaction volume, representing $57 billion. Notably, USDC transactions increased by 1338%, marking it as the fastest-growing asset on the platform. Additionally, SOL payments reached $724 million, reflecting a 656% year-over-year growth.