POPA ReconBinance takes $100M Circle stake alongside five-year USDC deal
Binance takes $100M Circle stake alongside five-year USDC deal Binance bought a $100M stake in Circle as the companies expanded their commercial arrangement around $USDC, according to an 8-K filing with the SEC. The exchange purchased 1,237,011 shares of Circle’s Class A common stock at $80.84 per share in a private placement. The equity sale closed concurrently with a new five-year commercial deal expanding the promotion of USDC held through Circle’s Modular Smart Contract Wallet infrastructure. Under the agreement, Circle agreed to pay Binance a monthly incentive fee based on a percentage…
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