
Analysts say Binance's five-year USDC promotion deal and $100 million stake in Circle could strengthen USDC's reach in emerging markets, though Tether's liquidity advantage remains hard to dislodge.
Binance received 1.24 million Class A shares at $80.84 each in a private placement with a two-year lock-up, and Circle will pay Binance a monthly fee tied to USDC held through its wallet infrastructure. The arrangement ties one of crypto's largest exchanges directly to Circle's equity in exchange for promoting USDC.
CoinDesk