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Home›Crypto›Stablecoins›Binance takes $100 million stake in Circle

Binance takes $100 million stake in Circle

The deal pairs a $100 million Circle investment with a five-year arrangement to promote USDC on Binance's platform.

Reported · Written up by our desk · Stablecoins

Binance has taken a $100 million stake in Circle, expanding its involvement in the issuer behind the USDC stablecoin, according to The Block.

The exchange also agreed to a five-year USDC partnership with Circle that includes promoting USDC on its platform.

The announcement links the investment and the extended promotional arrangement, signaling continued focus on USDC distribution via Binance’s trading venue.

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Sources

The BlockBinance takes $100 million Circle stake alongside five-year USDC deal

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