There has been an ongoing stablecoin dominance battle between USDT and USDC. The latter may have just gained a competitive advantage following the latest development involving a partnership between Circle and Coinbase. Coinbase revealed in its statement that it will work with Circle to explore more utility avenues and expand on USDC’s growing ecosystem. The U.S.-based crypto exchange reportedly secured a stake in Circle. This highlighted Coinbase’s vested interest in USDC’s success. The announcement comes days after Coinbase announced its expansion into Canada.