Circle Stock Spikes As Binance Takes $100 Million Slice

Binance, the world's busiest crypto exchange, is paying $100 million for a stake in Circle, the company behind the USDC stablecoin. News of the deal comes as the Justice Department and the Manhattan U.S. attorney's office reportedly probe Binance over alleged Iran-sanctions violations. Circle stock briefly jumped more than 3% Tuesday, before settling back into a fractional decline during morning…