Binance Invests $100 Million in Circle to Boost USDC Access Globally

Circle Internet Group and Binance have strengthened their partnership with a new five-year agreement.

The deal sees Binance invest $100 million in Circle, expanding their strategic alliance and promoting USDC globally, especially across emerging markets.

Jeremy Allaire, Co-founder, Chairman and CEO of Circle, said, 'Binance has built one of the largest and most dynamic platforms in the world for using digital currency.'

Richard Teng, co-CEO of Binance, added, 'Our $100 million investment and five-year commitment represent long-duration conviction. We are helping to build a more inclusive, transparent, and compliant digital economy.'