Binance Buys $100 Million Circle Stake in Fresh Bid to Push USDC Into Emerging Markets

Binance Buys $100 Million Circle Stake in Fresh Bid to Push USDC Into Emerging Markets

Binance invested $100 million in Circle for a stake in the USDC issuer while signing a five-year deal that pays the exchange to promote the stablecoin, especially in emerging markets. The transaction, which includes a two-year lock-up on shares, marks the third partnership update in under two years and aligns incentives around growing USDC adoption. Circle shares rose on the news.

Binance buys $100 million stake in Circle, expands partnership

Binance Commits $100 Million to Circle, Strengthening Long-Term Strategic Alliance for Five More Years

Binance has revealed a new five-year strategic agreement aimed at enhancing the global presence of USDC, following a substantial equity investment of $100 million in […] The post Binance Commits $100 Million to Circle, Strengthening Long-Term Strategic Alliance for Five More Years appeared first on FINANCIAL CHRONICLE.

Binance Invests $100 Million in Circle, Expands Strategic Partnership and Renews for Five Years

Binance (www.Binance.com) today announced a $100 million equity investment in Circle Internet Group, Inc. (NYSE: CRCL) and the expansion and renewal of its strategic partnership to promote USDC across Binance’s global platform. The new arrangement... - Social News XYZ

Binance Buys $100 Million Circle Stake in USDC Deal

Binance bought $100 million of Circle stock in a five-year USDC promotion deal, per an SEC filing, its third tie-up with the stablecoin issuer in two years.