Binance’s bStocks has surged to ~$800M in under 4 months, capturing ~25% of the $3B tokenized stock market.
Tokenized stocks are up 4x YTD, with $100B in on-chain transfers during Q3. BNB Chain now leads the sector with $1B in value and 1.8M holders.
Binance will support the SpaceX (SPCXB) airdrop for MarsCoin (MARSCOIN) holders, as well as the Invesco QQQ Trust (QQQB) airdrop for 牛来 (牛来) holders.
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Binance has invested $100M in Circle and renewed their strategic partnership for another five years.
The deal will expand USDC across Binance’s global platform, with a major focus on emerging markets.
Binance purchased Circle shares through a private placement at a 5% discount to $CRCL’s market price before closing.
Binance will lead USDC distribution and adoption, while Circle will provide the underlying infrastructure.
Binance is making a $100M equity investment in $CRCL alongside a five-year USDC promotion deal.
Another meaningful distribution channel for Circle's stablecoin.
Binance has taken a $100M stake in Circle $CRCL, buying about 1.24M shares at $80.84 each.
The two also expanded their partnership for five years, with Binance agreeing to promote USDC across its platform.
BINANCE BUYS $100M STAKE IN CIRCLE, EXPANDS USDC PARTNERSHIP
Binance bought roughly 1.24M $CRCL shares at $80.84 each, investing about $100M in the USDC issuer.
The two companies also expanded their commercial partnership for five years, with Binance agreeing to promote USDC across its platform.
Circle will pay Binance a monthly incentive fee under the agreement.
USDC currently has a market cap of roughly $75B.
Source: Reuters