đš JUST IN: BINANCE JUST BET $100 MILLION ON USDC
Binance has invested $100 MILLION in Circle, the issuer of USDC, in a major expansion of their stablecoin partnership.
This isnât just an equity investment.
Binance bought 1,237,011 Circle shares at $80.84 each in a private placement.
And the partnership is expanding for another FIVE YEARS.
Binance plans to integrate USDC deeper into its savings and investment products while offering incentives around USDC trading pairs.
Circle will also provide incentives tied to USDC held through Binanceâs wallet infrastructure.
The bigger story:
The worldâs largest crypto exchange is putting serious capital behind one of the largest dollar-backed stablecoins.
Stablecoins are rapidly becoming core infrastructure for crypto trading, payments and global digital finance.
And Binance just put $100 MILLION behind that thesis.
#Binance #USDC #Circle #Crypto #Stablecoins
Binance has invested $100 MILLION in Circle, the issuer of USDC, in a major expansion of their stablecoin partnership.
This isnât just an equity investment.
Binance bought 1,237,011 Circle shares at $80.84 each in a private placement.
And the partnership is expanding for another FIVE YEARS.
Binance plans to integrate USDC deeper into its savings and investment products while offering incentives around USDC trading pairs.
Circle will also provide incentives tied to USDC held through Binanceâs wallet infrastructure.
The bigger story:
The worldâs largest crypto exchange is putting serious capital behind one of the largest dollar-backed stablecoins.
Stablecoins are rapidly becoming core infrastructure for crypto trading, payments and global digital finance.
And Binance just put $100 MILLION behind that thesis.
#Binance #USDC #Circle #Crypto #Stablecoins
