Circle receives support from Binance, while USDC competes with Tether.
2026-09-27 15:04:52
CoinMeta Data: Circle announces a $100 million investment from Binance and signs a five-year business agreement to expand the distribution channels of USDC and strengthen its position in competition with Tether. Circle states that Binance purchased $100 million worth of Class A common shares on September 22nd and renewed the USDC partnership, focusing on distribution in emerging markets. According to CoinDesk's analysis, Binance can help Circle reach more users with USDC, especially in markets where US dollar stablecoins play a significant role in crypto trading and payments. CoinMeta Data: The number of spot market listings for USDC on Binance has increased from an initial 140 to 329, and the monthly trading volume of USDC has also risen from about $20 to $40 billion before the transaction to over $80 billion recently.
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Source:Cryptonews
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