Binance has acquired a $100 million stake in Circle, the company behind the popular USDC stablecoin, as part of an expanded five-year partnership.
Source
"Binance Invests $100M in Circle Under Expanded USDC Deal" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The deal includes a stock sale of $100 million to Binance and monthly incentives for Circle, according to the agreement.
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