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Binance buys $100 million Circle stake in five-year USDC promotion deal
Circle sold 1.24 million shares at $80.84 each and will pay Binance a monthly fee tied to USDC held through its wallet infrastructure.
Binance bought $100 million of Circle shares as the companies signed a five-year deal that pays the crypto exchange to promote the USDC stablecoin on its platform.
Circle issued Binance 1.24 million Class A shares at $80.84 each in a private placemen... [2262 chars]
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