Binance Injects $100M into Circle, Boosts USDC Adoption

Binance has made a significant investment in Circle, injecting $100 million into the company. This move is part of an agreement that will see Binance expand its use of USDC ($1.00 · Live) across its trading and investment products.

Circle's revenue for the second quarter was largely driven by reserve interest earnings, with over 95% coming from this source.

The partnership aims to increase adoption of USDC in emerging markets over the next five years.