Binance Deepens Circle Stake

United StatesKaiko data show Binance’s USDC markets rose from 140 to 329.

Binance put $100 million into Circle shares and signed a 5-year deal to promote USDC.

Binance now holds equity in the issuer, the distributor-shareholder model Circle already runs with Coinbase, Clear Street analyst Owen Lau said.

Gravity Labs’ CEO says Tether’s deeper local liquidity and user habits limit how fast share can shift.

Monthly USDC volume on Binance now tops $80 billion, up from $20-40 billion before the partnership.

Sources: CoinDesk