Daily digest: Binance buys $100M of Circle stock, ECB pushes to ease stablecoin reserve rule
- —Binance bought 1.237M Circle shares at $80.84 for $100M, with a lock-up of up to two years
- —Binance and Circle extended their USDC agreement for five years with monthly incentive payments
- —ECB proposed replacing the 60% bank-deposit reserve rule with assets maturing in 1–5 days
- —CME to launch BCH (250 coins) and UNI (10,000) futures on October 19
Why it matters: Easing MiCA would relieve pressure on EU stablecoin issuers, while the Binance-Circle deal strengthens USDC against USDT.
Source: PANews