Binance Buys $100 Million Stake in Circle Under Five-Year USDC Promotion Deal
Updated — view changes (3)
· body · New information from a source
Binance purchased a $100 million equity position in Circle and simultaneously closed a five-year commercial agreement to promote the stablecoin USDC, according to CoinDesk and Decrypt.The two transactions closed on the same day, with capital flowing between both parties as part of the arrangement.- Binance has taken a $100 million equity stake in Circle as part of an expanded five-year agreement to promote the USDC stablecoin, according to CoinDesk and Cointelegraph.
- Circle sold Binance $100 million worth of stock, according to Cointelegraph.
- Under the expanded commercial agreement, Circle will pay Binance monthly incentives tied to USDC promotion over the five-year term, according to Cointelegraph.
- The equity placement and the five-year commercial deal closed on the same day, with funds moving in both directions between the two companies, according to Decrypt.
- The arrangement ties Binance's balance sheet directly to Circle's stock while committing the exchange to promoting USDC across its platform for the length of the deal, according to CoinDesk.
· summary · New information from a source
Binance bought a $100 million equity stake in Circle and signed a five-year commercial deal to promote USDC.- Binance purchased $100 million in Circle stock and signed a five-year deal under which Circle will pay it monthly incentives to promote USDC.
· headline · New information from a source
Binance acquires $100 million equity stake in Circle under five-year USDC promotion agreement- Binance Buys $100 Million Stake in Circle Under Five-Year USDC Promotion Deal
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Binance has taken a Binance buys $100 million Circle stake in five-year USDC promotion deal.
equity stake in Circle as part of an expanded five-year agreement to promote the USDC stablecoin, according to CoinDesk and Cointelegraph.
- Circle sold Binance $100 million worth of stock, according to Cointelegraph.
- Under the expanded commercial agreement, Circle will pay Binance monthly incentives tied to USDC promotion over the five-year term, according to Cointelegraph.
- The equity placement and the five-year commercial deal closed on the same day, with funds moving in both directions between the two companies, according to Decrypt.
The arrangement ties Binance’s balance sheet directly to Circle’s stock while committing the exchange to promoting USDC across its platform for the length of the deal, according to CoinDesk.
Sources: CoinDesk, Decrypt, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestBinance acquires $100 million equity stake in Circle under five-year USDC promotion agreementfirst reported · 2 sourcescoindesk.com · decrypt.co
- storyBinance Buys $100 Million Stake in Circle Under Five-Year USDC Promotion Dealupdate · 3 sourcescoindesk.com · decrypt.co · cointelegraph.com
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