EconomyCircle pays millions for Binance distribution as margins collapse

Circle and Binance announced a new five-year commercial agreement alongside Binance’s $100 million equity investment in Circle. Binance customer USDC balances have grown nearly fivefold to about $7.1 billion since the companies’ first deal, far outpacing overall USDC supply growth. But Circle has paid heavily for the distribution, leaving the renewed partnership’s economics uncertain.

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CCryptoSlate★★☆☆☆2026-09-23 02:10Original