Circle pays millions for Binance distribution while its margins collapse

Circle is doubling down on Binance after USD Coin (USDC) stablecoin customer balances on the exchange nearly quintupled since their first agreement. On Sept. 22, the companies announced a new five-year commercial agreement alongside Binance’s $100 million equity investment in Circle, extending a relationship that has turned the world’s largest crypto exchange into one of […] The post Circle pays millions for Binance distribution while its margins collapse appeared first on CryptoSlate.