Binance invests $100m in Circle, expands USDC ties

Crypto exchange Binance has invested $100 million in Circle, the issuer of the USDC stablecoin, expanding their partnership. The exchange also bought Circle shares in a private placement at a 5% discount.

• Binance invested $100 million in Circle
• Shares bought in private placement at 5% discount
• Deal expands Binance's ties with USDC