Binance invests $100M in Circle, extends USDC partnership
Binance announced a $100 million investment in Circle Internet Group, buying 1.24 million Class A shares at $80.84 each in a private placement that closed 17 September 2026, per an SEC filing. The deal comes with a renewed five-year partnership focused on promoting the USDC stablecoin, with Binance running promotional activities for it.
- Circle will pay Binance a monthly incentive fee tied to USDC held through Circle's Modular Smart Contract Wallet service
- Binance cannot sell, transfer, or hedge the shares for up to two years, though it retains voting rights
- The arrangement replaces the companies' earlier USDC agreements from November 2024 and August 2025
Binance CEO Richard Teng framed the investment as "long-duration conviction" in regulated stablecoins, while Circle's Jeremy Allaire said the partnership could expand dollar access in emerging markets.
Sources
- Binance invests $100M in @circle. Partnership extended 5 years. A trusted digital dollar for more people, in more places. This is a major commitment to regulated stablecoins - and on the infrastructure the next decade of finance gets built on. Read more → https://t.co/lURAuKzkcxx.com ↗
- Binance invests $100M in @circle Circle. Partnership extended 5 years. A trusted digital dollar for more people, in more places. This is a major commitment to regulated stablecoins - and on the infrastructure the next decade of finance gets built on. Read more → https://t.co/SYlG0yUBSgx.com ↗
