#Binance renews its five-year partnership with Circle
A private placement of $100 million for an additional five years of commercial cooperation—this money is buying USDC distribution, not the token itself.
According to Kaiko’s disclosure, the daily trading volume of $USDC spot on Binance has reached the multi-billion-dollar level, while other major exchanges are all below $500 million. Stablecoin liquidity is concentrating on a single platform, and its impact on market making and settlement pathways is more direct than price.
What’s worth watching: if this level of concentration continues, the depth gap in USDC between other exchanges is likely to keep widening rather than converging.
$ZEC $JUP
A private placement of $100 million for an additional five years of commercial cooperation—this money is buying USDC distribution, not the token itself.
According to Kaiko’s disclosure, the daily trading volume of $USDC spot on Binance has reached the multi-billion-dollar level, while other major exchanges are all below $500 million. Stablecoin liquidity is concentrating on a single platform, and its impact on market making and settlement pathways is more direct than price.
What’s worth watching: if this level of concentration continues, the depth gap in USDC between other exchanges is likely to keep widening rather than converging.
$ZEC $JUP