Binance invests $100 million in Circle equity

Binance has acquired $100 million worth of Circle Internet Group stock, purchasing over 1.2 million Class A shares at $80.84 each. The deal includes a five-year commercial agreement where Binance will promote Circle's Modular Smart Contract Wallet in exchange for monthly incentive fees based on USDC holdings. The shares are subject to a two-year lockup period.