Binance directly invests $100 million in Circle, signing a new five-year cooperation agreement. This deal signals that @binance is regaining acceptance from U.S. capital markets. The U.S. investors behind @circle are willing to let Binance take a stake, valuing Binance's global user base, trading demand, and stablecoin channels. CRCL wants to expand the USDC market, and Binance can provide business value beyond just funding. As part of this partnership, Binance will receive monthly incentives tied to the scale of USDC holdings, while also sharing in Circle's growth through equity. It’s highly likely that Binance users will soon enjoy similar benefits to Coinbase, such as earning yield (or additional incentives) just by holding USDC.