Binance Invests $100M in Circle, Expands USDC Partnership

Circle Internet Group and Binance have strengthened their partnership through a five-year commercial agreement and $100 million equity investment by Binance in Circle.

The deal aims to expand USDC usage, which has around $75 billion in circulation, enhancing its role in payments and institutional finance.

Binance's co-CEO, Richard Teng, said the investment and commitment represent long-duration conviction, adding that 'Circle has earned its place as one of the most credible issuers in the world.'