🚨 BINANCE SPENT 100 MILLION USD TO BUY CIRCLE SHARES
Binance has just invested 100 million USD in Circle, the issuer of USDC. According to the disclosed filing, Circle issued and sold approximately 1.24 million shares to Binance at a price of 80.84 USD per share.
In return, Binance will continue expanding the use of USDC across the exchange’s products. The agreement also includes a revenue-sharing mechanism based on the amount of USDC held through Binance infrastructure.
Notably, these shares have transfer restrictions for up to 2 years.
Personal viewpoint:
This deal shows Binance is making a stronger bet on stablecoins, while Circle gains another major partner to expand the USDC ecosystem.
Binance’s direct investment in Circle together with the increased integration of USDC may help deepen the relationship between the two sides, especially in payments and on-chain finance.
👇 HOT COINS TRADING HERE 👇
$MUBARAK
$KERNEL
$NIL
Binance has just invested 100 million USD in Circle, the issuer of USDC. According to the disclosed filing, Circle issued and sold approximately 1.24 million shares to Binance at a price of 80.84 USD per share.
In return, Binance will continue expanding the use of USDC across the exchange’s products. The agreement also includes a revenue-sharing mechanism based on the amount of USDC held through Binance infrastructure.
Notably, these shares have transfer restrictions for up to 2 years.
Personal viewpoint:
This deal shows Binance is making a stronger bet on stablecoins, while Circle gains another major partner to expand the USDC ecosystem.
Binance’s direct investment in Circle together with the increased integration of USDC may help deepen the relationship between the two sides, especially in payments and on-chain finance.
👇 HOT COINS TRADING HERE 👇
$MUBARAK
$KERNEL
$NIL
