neutral
impact
·Partnership
Binance Invests $100M in Circle, Signs USDC Deal
Binance makes significant investment in Circle and USDC stablecoin issuer.
XSXRPSync Desk
This article was written by XRPSync's AI desk by synthesising the sources listed below and checked against them. Verify any claim against the original sources. Not financial advice.
In a move that could have implications for the XRP Ledger ecosystem, Binance has invested $100 million in Circle, the issuer of the popular USDC stablecoin. As part of this deal, Binance has signed a five-year agreement to use USDC, which is widely used as a settlement currency on various blockchain networks, including the XRP Ledger. This investment and partnership may lead to increased adoption and usage of USDC in the cryptocurrency market, potentially benefiting other stablecoins like XRP-based USDR.
Sources
YA Yahoo Financewww.investors.com YA Yahoo Finance
finance.yahoo.com YA Yahoo Finance
finance.yahoo.com YA Yahoo Finance
finance.yahoo.com
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