💥 BINANCE INVESTS $100M IN CIRCLE AS USDC PARTNERSHIP EXTENDS FOR FIVE YEARS
Binance has invested $100 million in Circle, deepening its relationship with the issuer of USDC through a new five-year commercial partnership.
The private placement closed on Sept. 17, with Binance acquiring 1,237,011 Class A shares at $80.84 each. The shares are subject to restrictions on selling, transferring or hedging for up to two years, while Binance retains voting rights.
Under the expanded agreement, Binance will promote USDC across its global platform, particularly in emerging markets. Circle will provide the infrastructure supporting USDC usage and pay Binance monthly incentives linked to USDC held through its Modular Smart Contract Wallet.
Could this partnership materially strengthen USDC’s distribution across global crypto markets?
#Binance #Circle #USDC #Stablecoins
#ThuyBNB
$BNB $BTC $USDC
Binance has invested $100 million in Circle, deepening its relationship with the issuer of USDC through a new five-year commercial partnership.
The private placement closed on Sept. 17, with Binance acquiring 1,237,011 Class A shares at $80.84 each. The shares are subject to restrictions on selling, transferring or hedging for up to two years, while Binance retains voting rights.
Under the expanded agreement, Binance will promote USDC across its global platform, particularly in emerging markets. Circle will provide the infrastructure supporting USDC usage and pay Binance monthly incentives linked to USDC held through its Modular Smart Contract Wallet.
Could this partnership materially strengthen USDC’s distribution across global crypto markets?
#Binance #Circle #USDC #Stablecoins
#ThuyBNB
$BNB $BTC $USDC
