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Binance invests $100M in Circle, locks in five-year USDC promotion deal

The crypto exchange buys 1.24M shares at a 14% discount and will receive monthly fees tied to stablecoin holdings.

newest coverage 18h agosummary written 1d ago60 pieces1 likes & upvotes NewswiresMastodonGoogle NewsX

What to know

  • Binance acquired a $100 million equity stake in Circle at $80.84 per share—a 14% discount to the company's market price—with a two-year lockup period.
  • The investment is paired with a five-year commercial deal in which Binance promotes USDC on its platform in exchange for monthly fees tied to stablecoin holdings in Circle's wallet infrastructure.
  • Circle had previously signed similar stablecoin promotion deals with other exchanges; the percentage of monthly fees and exact terms of the Binance arrangement are not disclosed in the filing.

“Circle agreed to pay Binance a monthly incentive fee calculated as a percentage of the USDC held through Circle's Modular Smart Contract Wallet service, while Binance will carry out promotional activities for the stablecoin.”

CoinDesk reporting · CoinDesk ↗

Binance Crypto exchange investorCircle Internet Group USDC stablecoin issuer

Binance invests $100M in Circle, locks in five-year USDC promotion deal
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How it unfolded 1 development · click the chart to see its coverage articles

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  1. 1

    SEC filing discloses $100M Binance investment in Circle

    Circle publicly revealed the transaction through an SEC filing on Tuesday, detailing the share purchase and the five-year commercial expansion. The filing shows Circle will pay Binance a monthly incentive fee as a percentage of USDC held through Circle's Modular Smart Contract Wallet service, while Binance undertakes promotional activities for the stablecoin.

    “Circle issued Binance 1.24 million Class A shares at $80.84 each in a private placement that closed Sept. 17, according to an SEC filing published Tuesday.”
    — Circle/SEC filing · source
    1. 24 outlets Binance News: Binance Invests $100 Million in Circle Under New Five-Year USDC Deal

      first by The Coin Republic, 1d ago · also Blockhead, The Information, Circle Internet Financial, Pulse 2.0, Watcher Guru, PYMNTS +17

      23 more headlines
    2. 12 outlets Binance Invests $100M In Circle Equity: How Will Stock React?

      first by Yahoo Finance, 1d ago · also Bitcoin Insider, Bitcoin News, CryptoPotato, The Crypto Times, Cointelegraph, Tech in Asia +5

      15 more headlines

    • BREAKING: @binance INVESTS $100M IN @circle EQUITY Circle issued and sold Binance 1,237,011 shares at $80.84 per share This equity investment happened at the same time as an expanded five-year commercial deal Circle will pay Binance a monthly incentive fee (a percentage of USDC held through Circ...

      @degeneratenewsX1d agoview on X ↗
    2 more of the top 3 · 4 posts in this stretch

    • 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 →

      @binanceX1d agoview on X ↗

    • Circle 🤝 @binance Circle and Binance are continuing to build together through a new five-year commercial agreement to expand USDC access across emerging markets. Binance has also made a $100M strategic investment in Circle.

      @circleX1d agoview on X ↗
    all of them →
  2. background

    Binance buys $100M Circle stake with USDC promotion agreement — Circle issued 1.24 million Class A shares to Binance at $80.84 per share in a private placement that closed on September 17. The purchase price represented a 14% discount to Circle's market value. Binance cannot sell or transfer the shares for two years but retains full voting rights.

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