GoKawiilBinance invests $100 million in Circle, agrees to promote USDC globally
Binance is buying $100 million of Circle shares at $80.84 apiece as part of a five-year partnership to promote USDC on its exchange, with the stock subject to a lockup of up to two years. Circle will pay Binance a monthly incentive fee tied to USDC balances held on the platform, and Circle shares rose more than 1% in premarket trading following the announcement.