Binance has invested $100 million in USDC stablecoin issuer, Circle, as part of an expanded five-year agreement to promote USDC on the cryptocurrency exchange deepening ties between two major players in the digital-asset market.

Circle issued Binance 1.24 million Class A shares at $80.84 each in a private placement on September 17 2026, according to a regulatory filing. Binance will also integrate USDC into additional savings and investment products and offer incentives around USDC trading.

MARKET ANALYSIS | Circle’s Frothy Relationship with Coinbase and Why the $USDC Stablecoin Issuer Partnered with Binance

Under the agreement, Circle will pay Binance monthly incentive fees linked to USDC held through its Modular Smart Contract Wallet infrastructure while Binance has agreed to undertake additional activities to promote USDC.

The deal replaces agreements between the companies reached in November 2024 and August 2025. Binance is restricted from selling, assigning, pledging or transferring the Circle shares for up to two years, subject to specified conditions.

PARTNERSHIP | Circle Partners with Binance to Accelerate Global USDC Adoption Across the Binance Ecosystem

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