🚨 BREAKING: #Binance invests $100 MILLION in Circle 🇺🇸
Binance has acquired 1.24M Circle (CRCL) shares in a private placement at $80.84 per share.
The investment comes with an expanded 5-year USDC partnership:
• USDC to be integrated across Binance’s savings & investment products
• Binance plans incentives for USDC trading pairs, including lower fees
• Circle will pay Binance monthly incentives tied to USDC held through its wallet infrastructure
• Binance will promote USDC across its platform
USDC currently has around $75B in market capitalization.
This is more than an investment, it deepens the relationship between one of the world’s largest crypto exchanges and one of the biggest stablecoin issuers.
Binance 🔶 Circle 🔶 $USDC
#USDC #Circle #Crypto #Stablecoins
Binance has acquired 1.24M Circle (CRCL) shares in a private placement at $80.84 per share.
The investment comes with an expanded 5-year USDC partnership:
• USDC to be integrated across Binance’s savings & investment products
• Binance plans incentives for USDC trading pairs, including lower fees
• Circle will pay Binance monthly incentives tied to USDC held through its wallet infrastructure
• Binance will promote USDC across its platform
USDC currently has around $75B in market capitalization.
This is more than an investment, it deepens the relationship between one of the world’s largest crypto exchanges and one of the biggest stablecoin issuers.
Binance 🔶 Circle 🔶 $USDC
#USDC #Circle #Crypto #Stablecoins
