Why did Binance remove USDC?

Could you please explain why Binance decided to remove USDC? This move seems quite unexpected, given the popularity and widespread acceptance of USDC in the cryptocurrency community. What factors led to this decision? Was it due to regulatory concerns, market performance, or perhaps technical issues? As a leading exchange, Binance's decisions often have significant implications for the industry. It would be helpful to understand the rationale behind this particular move and how it might affect the broader cryptocurrency ecosystem.