Binance Invests $100 Million in Circle to Boost USDC Globally

Binance is investing $100 million in Circle, the issuer of the USDC stablecoin, to promote its use globally. Under a five-year agreement, Binance will purchase $100 million worth of Circle shares at $80.84 per share. The investment terms include a sales restriction lasting up to two years, with certain exceptions.

The partnership aims to expand USDC's reach beyond the U.S.-focused market and compete more actively in international cryptocurrency markets with Tether's USDT stablecoin. Currently, about $183 billion in USDT is in circulation, while the volume of USDC stands at approximately $75 billion.