Binance invests USD 100 million in stablecoin company Circle and extends the partnership through a new five-year agreement.
Binance is buying shares at USD 80.84 each, corresponding to a 5 percent discount, with a lock-up period of up to two years.
Binance will increase the marketing and integration of USDC, particularly in growth markets.
Circle will simultaneously pay monthly compensation linked to USDC balances on Binance.
