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

Will Collaborate on Stablecoin Circle and Binance Announce $100 Million Investment and Partnership for Stablecoin Development

Binance Announces $100 Million Investment in Circle Internet Group to Expand Global Platform Binance, a leading global blockchain ecosystem…

Circle to leverage Binance’s platform to launch USDC in new markets

This week on Blockchain Bulletin, Circle has brought on Binance as an equity investor to enhance the adoption and visibility of USDC in new markets where the world’s largest crypto exchange is present.  Also this week, Republicans begin to point the blame for Democrat’s “hatred” of Donald Trump for the failed CLARITY Act vote, Elon […]

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.