🔥 Major News｜Binance invests $100 million to take a stake in Circle, signing a 5-year cooperation agreement to fully promote USDC!
The world’s largest exchange officially becomes a shareholder of Circle, the issuer of USDC.
Deal details: Subscribe for 1.237 million shares of Class A common stock of Circle at $80.84 per share, with a 2-year share lock-up and retained voting rights.
Circle will pay incentive fees on a monthly basis. Leveraging Binance’s massive user base, it will expand USDC into global emerging markets, competing with both USDC and USDT for market share in the stablecoin sector.
$CRCL $BNB
The world’s largest exchange officially becomes a shareholder of Circle, the issuer of USDC.
Deal details: Subscribe for 1.237 million shares of Class A common stock of Circle at $80.84 per share, with a 2-year share lock-up and retained voting rights.
Circle will pay incentive fees on a monthly basis. Leveraging Binance’s massive user base, it will expand USDC into global emerging markets, competing with both USDC and USDT for market share in the stablecoin sector.
$CRCL $BNB
