Binance Takes $100 Million Stake in Circle Under Expanded USDC Deal
Binance has invested $100 million in USDC issuer Circle as part of a five-year agreement to promote the stablecoin across its exchange.
AfroEuropa Newsroom
AfroEuropa desk
Binance has taken a $100 million stake in Circle, the company behind the USDC stablecoin, under an expanded five-year agreement to promote the token across the exchange, according to reporting by BitKE, CoinDesk and Cointelegraph.
Circle issued Binance 1.24 million Class A shares at $80.84 each through a private placement dated September 17 2026, according to a regulatory filing cited by BitKE. Under the arrangement, Circle will pay Binance monthly incentive fees tied to the amount of USDC held through its Modular Smart Contract Wallet infrastructure, while Binance has agreed to carry out further activities to promote the stablecoin.
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