💼 Binance invests $100 M in Circle, which defends its USDC model
Binance bought a $100 M stake in Circle, the issuer of the USDC stablecoin, under a five-year agreement. Circle explained that it keeps 7 cents in profit for every dollar of revenue and that redemption and compliance costs remain its responsibility, affecting the stablecoin’s profitability.
#CryptoNews
Source: CoinDesk · https://www.coindesk.com/business/2026/10/17/circle-defends-usdc-economics-as-stablecoin-rivals-court-its-partners-with-bigger-cut
Binance bought a $100 M stake in Circle, the issuer of the USDC stablecoin, under a five-year agreement. Circle explained that it keeps 7 cents in profit for every dollar of revenue and that redemption and compliance costs remain its responsibility, affecting the stablecoin’s profitability.
#CryptoNews
Source: CoinDesk · https://www.coindesk.com/business/2026/10/17/circle-defends-usdc-economics-as-stablecoin-rivals-court-its-partners-with-bigger-cut