Binance invested $100 million in Circle for a stake in the USDC issuer while signing a five-year deal that pays the exchange to promote the stablecoin, especially in emerging markets. The transaction, which includes a two-year lock-up on shares, marks the third partnership update in under two years and aligns incentives around growing USDC adoption. Circle shares rose on the news.
Binance invests $100 million in Circle, with a new five-year agreement to spread USDC in emerging markets. It is the third iteration of the partnership: the USDC share on Binance had already risen from 5% to 22% before...