Binance bought $100 million of Circle stock and signed a five-year agreement to promote USDC across emerging markets, the companies said on Tuesday. Circle will pay Binance a monthly incentive fee set as a percentage of the USDC held through Circle's wallet infrastructure, according to a filing... Read the full story at The Defiant
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Binance Takes $100 Million Circle Stake And Renews The USDC Deal Circle Pays For
Circle sold Binance 1,237,011 shares at $80.84, a five percent discount to the Sept. 17 close, and agreed to keep paying the exchange a monthly fee tied to USDC balances, an SEC filing shows.
