Binance buys a $100 million stake in Circle and signs a five-year USDC deal

Binance bought $100 million of Circle (CRCL) stock on September 17, taking about 1.24 million shares at a small discount and agreeing to hold them for up to two years. The money runs both ways: under a new five-year deal, Circle will pay Binance a monthly fee to promote USDC across the exchange. It replaces two earlier deals between the two.