Binance has acquired a $100 million equity stake in Circle, expanding its partnership with the prominent stablecoin issuer.
Binance has purchased a $100 million stake in Circle, a stablecoin issuer. Reuters reported the transaction Tuesday, noting that the acquisition expands the existing partnership between the two firms.
Specific terms beyond the $100 million equity value were not immediately available.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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