Binance invested US$100 million in Circle and deepened cooperation to promote the global popularization of USDC.
Circle shares rose nearly 2% in pre-market trading on Tuesday. Previously, Binance acquired a stake in Circle, the issuer of stablecoin USDC, for US$100 million and expanded a business partnership aimed at promoting USDC to more users around the world.
Through a private placement, Binance purchased 1,237,011 Circle Class A shares at US$80.84 per share. The investment comes with a new five-year agreement that focuses on promoting USDC in Binance's ecosystem. The potential value of the deal to Circle even exceeds the equity investment itself: deeper channel distribution through one of the world's largest cryptocurrency trading platforms.
Binance increases its deployment of USDC
According to the agreement, Binance will expand the scope of application of USDC in trading, savings and investment products, while encouraging its adoption in emerging markets. In return, Circle will pay Binance a monthly fee based on the USDC balance held by users through Binance's wallet infrastructure.
This move is in sharp contrast to 2022. At that time, Binance removed many USDC trading products while prioritizing the promotion of BUSD. Today, Binance not only actively promotes USDC, but also holds part of the equity in the company behind it.
What the deal means for Circle shares
Circle的经济效益在很大程度上取决于USDC在流通中的规模。该公司大部分收入来源于支撑USDC资产的利息收益。在第二季度,储备金收入占Circle总收入的95%以上,因此稳定币余额的增长对股东而言至关重要。
如果此次与币安的合作能够带来更大的USDC余额和更多的交易活动,那么从财务角度来看,这对Circle具有重要意义。此外,Circle在监管方面已逐步取得进展。此前,Circle获得纽约信托特许状后,其股票代码CRCL曾出现上涨。同时,随着稳定币作为代币化美国股票结算资产的使用日益广泛,USDC也可能从中受益。

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