Binance invests $100 million in Circle equity in USDC expansion push: WSJ
- —Binance bought $100 million in Circle equity, WSJ reports
- —The December 2024 partnership included a one-time ~$60 million fee paid to Binance
- —Binance committed to holding billions of dollars in USDC on its exchange
- —Circle's filings through mid-2026 show no confirmation of the equity purchase
Why it matters: If confirmed, Binance would become a major Circle shareholder, strengthening USDC's position against USDT.
Source: Crypto Briefing