Binance Makes $100 Million Bet on Circle's USDC Stablecoin

Binance and Circle have formed an expanded five-year agreement to promote access to Circle's USDC stablecoin in emerging markets.

The partnership involves Binance investing $100 million in Circle, which will see Binance accelerate the promotion, awareness, and integration of USDC on its platform, particularly in emerging markets.

Circle's co-founder, chair, and CEO Jeremy Allaire said that together with Binance, they see 'incredible opportunities to leverage USDC to expand dollar access, support savings and investment with innovative digital asset products, and reach people and businesses throughout global emerging markets.'