Circle intervenes in the SEC vs. Binance lawsuit, arguing that stablecoins such as BUSD and USDC do not possess the essential features of a security. In a startling development, Circle, the company behind the second-largest stablecoin by market cap USD Coin (USDC), has weighed in on the SEC v. Binance lawsuit. Circle’s Argument Per a The post Circle Supports Binance Against SEC, Says “Stablecoins Aren’t Securities on Their Own” first appeared on The Crypto Basic .