Follow UsBinance buys $100 million Circle stake in five-year USDC promotion deal
Bullish-5.80%
22 Sep, 11:07
Source: CoinDesk
AI Summary
Circle secures a $100 million investment from Binance and launches a five-year USDC promotion deal, strengthening stablecoin distribution and exchange partnerships.
Circle sold 1.24 million shares at $80.84 each and will pay Binance a monthly fee tied to USDC held through its wallet infrastructure.