Binance Takes $100M Stake in Circle, Delists 19 USDC Pairs
- —Binance acquired 1,237,011 Circle Class A shares for $100M at $80.84
- —Seven spot USDC pairs will be halted on Sept. 25 at 03:00 UTC
- —Twelve cross- and isolated-margin USDC pairs will be removed at 06:00 UTC
- —The tokens themselves stay tradable against USDT, FDUSD and BTC
Why it matters: The deal ties the largest exchange to the USDC issuer, while the delisting cuts forced-liquidation risk for margin traders.
Source: U.Today