The arrangement replaces a two year deal from November 2024 that involved a $60.25 million upfront payment from Circle to Binance. Binance's new holdings, comprising 1,237,011 shares at $80.84 each, are subject to a two year transfer restriction. Circle CEO Jeremy Allaire said the expanded tie-up intends to provide access to the digital financial system for hundreds of millions of users and businesses.
Wednesday, October 21, 2026
Story
Binance Buys $100 Million Circle Stake in 5 Year USDC Partnership
Crypto28 days ago
A new $100 million strategic investment from Binance into Circle shares aims to increase the use of USDC across the exchange's global platforms. This purchase, finalized on September 17, accompanies a 5 year commercial agreement to drive adoption in emerging markets through trading and savings products. Under the contract, Circle will pay Binance monthly incentive fees linked to USDC volumes held through Circle's wallet infrastructure.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.