Binance buys $100 million Circle stake as USDC deal expands

Binance is putting $100 million behind its relationship with Circle, buying shares in the stablecoin issuer as the companies expand their commercial partnership around USDC.The deal gives the crypto exchange 1.24 million Class A shares in Circle at $80.84 each. The private placement closed on September 17, according to an SEC filing published Tuesday.Circle said the price represented a discount to its market value before the transaction.There is a catch attached to those shares. Binance cannot s