Lighter's LIT Token Surges 10% on $920M USDC Revenue-Sharing Deal with Circle

Lighter, a decentralized perpetuals trading platform, has struck a $920 million revenue-sharing deal with USDC issuer Circle. The agreement covers approximately $920 million in USDC deposits and will see interest income generated from Circle's USDC reserves shared between the two parties. The deal marks a significant milestone for Lighter and has seen its native token LIT surge nearly 10%.