Circle CEO Jeremy Allaire informed the crypto community that Circle entered into a high-level partnership with major cryptocurrency exchange Binance.
binance is the top-ranked crypto trading platform, primarily known for its highly responsive and now globally regulated crypto services. Over the past four years, the subsidiary of this crypto exchange faced huge legal hurdles, first in the UK and then in the US. However, all the legal hurdles associated with Binance in the US jurisdiction have surpassed, except for a lawsuit filed by the US Securities and Exchange Commission (SEC).
On December 11, 2024, Binance & Circle officially signed a strategic partnership.
Circle CEO Jeremy Allaire informed his followers that the partnership would allow for more integrated use of the USDC stablecoin in commerce, as well as payment services through Binance’s crypto payments and commerce services.
In summary, we can say that USDC will be available on the Binance platform as a native stablecoin.
Binance CEO Richard Teng informed his followers about this official partnership.
Binance Coin (BNB) Price Action
The current trading price of BNB, the native token of the Binance crypto exchange, is $698. In the last 24 hours, the trading price of this cryptocurrency increased by almost 6%+.
It is worth noting that $BNB is an independent crypto project and is not controlled by Binance, but Binance Exchange supports this cryptocurrency as a native token.
Changpeng Zhao (CZ) enjoys the non-crypto sector
Changpeng Zhao (CZ), co-founder and former CEO of crypto exchange Binance, resigned as CEO of Binance in the middle of this year and spent 2 months in prison as part of the deal.
Currently, he is enjoying his life in a primary education project for children without cryptocurrencies.
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