Binance Invests $100 Million in Circle

AI Summary

Binance invested $100 million in Circle as part of a new five-year agreement to promote Circle’s USDC stablecoins on the Binance platform. Circle will also pay Binance a monthly fee based on the volume of USDC held through their platform partnership.

Binance has made a $100 million strategic equity investment in Circle, as the two companies enter a new, five-year agreement to promote Circle’s stablecoins USDC on the Binance platform. Circle will also pay a monthly fee to Binance, based on a percentage of the amount of USDC held through ...