Circle expands Binance partnership, raises $100M equity
Circle Internet Group expanded its strategic partnership with Binance via a new five-year commercial agreement, backed by a $100 million equity investment. The deal targets expanded access across emerging markets to Circle’s USDC stablecoin and fiat-ba…
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01:01:20 PM UTC
SquawkNews
Binance bought a $100 million stake in Circle as the companies expanded their commercial arrangement around USDC, according to an 8-K filing with the Securities and Exchange Commission on Tuesday.The exchange purchased 1,237,011 shares of Circle’s Class A common stock at $80.84 per share in a priva…
Circle Internet Group has expanded its strategic partnership with crypto exchange platform Binance, supported by a $100 million equity investment in Circle. The new five-year commercial agreement is aimed at expanding access to Circle's USDC stablecoin and fiat-backed products across emerging markets.