Binance Takes $100 Million Stake in Circle, Pushes USDC Adoption
Binance has become a shareholder in Circle after acquiring a $100 million stake and signed a five-year agreement to expand USDC use across its platform.
USDCUSD
Binance has acquired a $100 million equity stake in Circle, the company behind the USDC stablecoin. The exchange is now a shareholder in Circle.
Under a new five-year agreement, Binance will promote USDC to its user base and integrate the stablecoin more broadly across its products. The partnership is aimed at increasing adoption of USDC.
The move links the world's largest crypto exchange with one of the largest stablecoin issuers.
Source: Cointelegraph