Binance Invests $100 Million in Circle to Further Expand USDC Partnership

Odaily News: Binance has invested $100 million in Circle Internet Group as part of an expanded stablecoin partnership between the two parties to drive USDC adoption in emerging markets.

A Binance spokesperson stated that Binance will integrate USDC into existing and new digital asset savings and investment products, and offer incentives such as reduced spot trading fees for USDC-denominated trading pairs. Binance and Circle previously established a partnership in December 2024 to expand USDC adoption. USDC currently has a market capitalization of approximately $75 billion. (The Wall Street Journal)