Binance Invests $100 Million in Circle, Boosts USDC Partnership

Binance has made a significant investment in Circle, expanding their partnership and solidifying USDC's position.

The exchange acquired $100 million worth of shares in Circle at $80.84 per share, with Binance retaining voting rights despite the restrictions on sale, transfer, and hedging for up to two years.

As part of the deal, Circle will pay Binance monthly incentives tied to the amount of USDC held through its modular smart contract wallet service.