Binance Takes $100M Stake in Circle Under Five-Year USDC Promotion Deal
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Binance takes $100M stake in Circle under expanded USDC deal
Circle sold Binance $100 million in stock and agreed to pay monthly incentives under an expanded five-year partnership promoting USDC.
Circle minted an additional 250 million USDC on the Solana chain, bringing its total minting this year to approximately 66.76 billion.
PANews reported on July 8th that, according to Onchain Lens, stablecoin issuer Circle has just minted an additional $250 million worth of USDC on the Solana blockchain. Data shows that Circle has minted approximately $66.76 billion worth of USDC on Solana so far this year.
Binance will delist five spot trading pairs, including GMX/USDC, on July 10.
PANews reported on July 7th that Binance announced it will delist five spot trading pairs—GMX/USDC, PARTI/FDUSD, RUNE/BTC, SEI/BTC, and T/USDC—on July 10th at 11:00 AM (UTC+8). Binance stated that this move is based on its regular assessment of factors such as liquidity and trading volume of spot trading pairs. Only the relevant trading pairs will be delisted; the related tokens can still be traded through other trading pairs in the Binance spot zone. The platform will also simultaneously terminate spot grid trading and other trading bot services for the aforementioned trading pairs. Users are advised to adjust or disable their relevant strategies in advance to avoid potential losses.
Flutterwave receives investment from Circle Ventures to expand its USDC payment and settlement business in Africa.
According to Foresight News , African fintech company Flutterwave announced it has received investment from Circle Ventures, with the specific investment amount undisclosed. This investment aims to expand Flutterwave's USDC payment and settlement business in Africa. Flutterwave stated that stablecoins are becoming core financial infrastructure, and the company is committed to building faster and more flexible cross-border fund transfer methods to help businesses achieve cash flow. According to a previous report by Foresight News , Ripple acquired a stake in African fintech company Flutterwave in June of this year for a valuation of $3.3 billion.
Circle minted an additional 250 million USDC on the Solana network.
According to BlockBeats, on July 7th, Circle minted an additional 250 million USDC on the Solana network. They have minted a total of 64.78 billion USDC on Solana this year.
Circle launches Bitcoin-backed USDC borrowing for institutional clients
Circle is bringing Bitcoin-backed borrowing to institutional clients, allowing them to tap BTC holdings for USDC liquidity without selling their Bitcoin.