Binance Invests $100 Million in Circle to Promote USDC Globally

Circle and Binance have strengthened their partnership with a new five-year agreement to promote USDC globally, particularly in emerging markets.

The deal includes a $100 million strategic equity investment by Binance in Circle, which will accelerate the promotion, awareness, and integration of USDC on its platform.

Circle's CEO, Jeremy Allaire, said that Binance has built 'one of the largest and most dynamic platforms in the world for using digital currency', creating opportunities to expand dollar access and support savings and investment with innovative digital asset products.

Binance's co-CEO, Richard Teng, stated that the partnership aims to build a more inclusive, transparent, and compliant digital economy where 'a stable, trusted digital dollar should not be a privilege, it should be available to anyone with a phone.'