Crypto
Binance Invests $100 Million, Signs Five-Year Deal with Circle for Global USDC Expansion
Binance and Circle announced a new five-year agreement focused on expanding USDC access across emerging markets.
The partnership includes a $100 million equity investment by Binance in Circle, with Binance agreeing not to transfer its shares for up to two years from the closing date.
Circle's CEO Jeremy Allaire said that together they see 'incredible opportunities' to leverage USDC and expand dollar access, support savings and investment with digital asset products, and reach people and businesses in emerging markets.