Binance Invests $100 Million in Circle, Expands Strategic Partnership and Renews for Five Years

Binance announced a $100 million equity investment in Circle Internet Group, Inc. and the expansion and renewal of its strategic partnership to promote USDC across Binance's global platform. The new arrangement has a term of five years. As part of the partnership, Binance purchased $100 million worth of shares of Circle Class A common stock through a private placement at a five percent discount to the market price prior to closing. Richard Teng, co-CEO of Binance, commented on the investment and commitment.

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