Binance takes $100 million stake in Circle under expanded USDC deal
Binance buys Circle stock in a $100M USDC deal, boosting the stablecoin's reach See how the five-year pact could lift promotion, fees, and Circle shares
Binance has bought $100 million in Circle stock as part of a new fiveyear agreement tied to the promotion of USDC on the crypto exchange.
According to a Sept. 17 filing with the US Securities and Exchange Commission, Circle sold 1,237,011 Class A shares to Binance at $80.84 each in a private placement. The price was below Circle’s recent market level, and Circle shares rose slightly in premarket trading on Tuesday after the news.
Under the deal, Circle will also pay Binance monthly incentive fees linked to USDC balances held through Circle’s Modular Smart Contract Wallet infrastructure. In return, Binance will carry out additional promotional activity for USDC on its platform. Binance is restricted from selling or pledging the shares for up to two years, though the lockup may end early under certain conditions. The new agreement replaces earlier arrangements made in 2024 and 2025.