Under the five year agreement, Circle pays Binance monthly incentive fees based on a percentage of USDC held through Circle's Modular Smart Contract Wallet infrastructure. This arrangement replaces a shorter two year partnership signed in November 2024 that required a $60.25 million upfront payment from Circle. The companies intend for the collaboration to expand access to the internet financial system for millions of businesses and users.
Wednesday, October 21, 2026
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Binance Takes $100 Million Stake in Circle with New 5 Year USDC Deal
Crypto28 days ago
The world's largest cryptocurrency exchange invested in the issuer of the USDC stablecoin to expand the asset's reach into emerging markets. Binance purchased 1,237,011 shares of Circle for $100 million at $80.84 per share in a September 17 agreement, creating a strategic stake subject to a two year transfer restriction. The investment coincides with a new commercial deal to promote USDC across Binance global platforms and integrate the token into savings and investment products.
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