Binance Invests $100 Million In Circle

Economic Times - Tech · technology

Cryptocurrency exchange Binance has acquired a $100 million stake in stablecoin issuer Circle, significantly expanding their partnership. This investment deepens ties between Binance and the company behind USDC, a major dollar-pegged token with a market capitalization of nearly $75 billion. The expanded commercial arrangement includes a five-year term with monthly incentive fees for Binance and commitments to promote USDC on its platform.