Binance buys $100 million stake in Circle, expanding USDC partnership
Circle said Binance purchased a $100 million stake in the stablecoin issuer Circle, deepening ties with the USDC ecosystem. Circle shares were last up nearly 2% in premarket trading.
Circle said on Tuesday that Binance has bought a $100 million stake in the stablecoin issuer, strengthening the crypto exchange’s relationship with the company behind USDC, a major dollar-pegged token. Circle shares were last up nearly 2% in premarket trading.