๐จ BINANCE JUST PUT $100 MILLION BEHIND THE DOLLAR TOKEN IT WANTS TO EXPAND. ๐
Binance has invested $100M in Circle โ the company behind USDC.
But the money is only half the story.
The bigger move is a new 5-year agreement to promote and integrate USDC across Binance, with a major focus on emerging markets. ๐
So Binance is now doing something unusual:
๐ฐ Shareholder in Circle
๐ Major USDC distribution partner
๐ Expanding USDC access globally
And thereโs another detailโฆ
Circle will pay Binance monthly incentives tied to USDC balances held through its wallet infrastructure. ๎จ1๎จ
USDT still has a much larger established market presence, so this doesnโt mean the stablecoin hierarchy changes overnight.
But Binance just gave USDC something extremely valuable:
DISTRIBUTION. ๐
$USDC $BNB $CRCL
#Crypto #Stablecoins #Binance
Binance has invested $100M in Circle โ the company behind USDC.
But the money is only half the story.
The bigger move is a new 5-year agreement to promote and integrate USDC across Binance, with a major focus on emerging markets. ๐
So Binance is now doing something unusual:
๐ฐ Shareholder in Circle
๐ Major USDC distribution partner
๐ Expanding USDC access globally
And thereโs another detailโฆ
Circle will pay Binance monthly incentives tied to USDC balances held through its wallet infrastructure. ๎จ1๎จ
USDT still has a much larger established market presence, so this doesnโt mean the stablecoin hierarchy changes overnight.
But Binance just gave USDC something extremely valuable:
DISTRIBUTION. ๐
$USDC $BNB $CRCL
#Crypto #Stablecoins #Binance