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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/23/2026

Binance Invests $100M in Circle, Extends USDC Deal

What happened: Binance has made a $100 million strategic equity investment in Circle, the issuer of USDC, purchasing 1,237,011 Class A shares at $80.

Binance Invests $100M in Circle, Extends USDC Deal

What happened: Binance has made a $100 million strategic equity investment in Circle, the issuer of USDC, purchasing 1,237,011 Class A shares at $80.84 per share—a price below recent market closes. The deal, finalized September 17, 2026, includes a five-year commercial agreement where Circle pays Binance a monthly fee based on USDC balances held via Binance’s Modular Smart Contract Wallet infrastructure. Binance will retain voting rights, with a two-year transfer restriction on the shares.

Why it matters: This move deepens an existing partnership and positions both companies to expand USDC’s reach in emerging markets, directly challenging Tether’s dominance. For Circle, Binance’s global distribution is a key asset. The discounted share price and long-term commercial tie suggest strong mutual commitment, but also highlight competitive pressures in the stablecoin sector.

Source: Bloomberg