Binance invests $100 million in Circle to accelerate USDC's progress in the stablecoin competition
2026-09-26 21:06:50
CoinMeta Data: Binance announces an investment of $100 million in Circle and has signed a five-year business agreement to promote and integrate USDC. This move will provide additional support for USDC in emerging markets and global trading, while also exerting additional pressure on Tether's long-term leadership position. The investment in Binance will give it a direct stake in the growth of Circle and expand the distribution of Circle through one of the largest crypto exchanges in the world. Analysts point out that Binance continues to hold the largest share in USDC's spot trading activities, with daily trading volumes ranging from $500 million to $1 billion, far exceeding other trading platforms. USDC has a market value of approximately $74 billion, making it the second-largest US dollar stablecoin after Tether.
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Source:Internet
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