Binance has bought a $100 million stake in Circle as the two companies agreed to a new five-year partnership to promote the USDC stablecoin on Binance’s platform. Circle issued 1.24 million Class A shares to Binance at $80.84 per share in a private placement that closed on September 17, according to a filing with the US Securities and Exchange Commission.
Source: sec.gov
The investment comes with an expanded commercial agreement under which Circle will pay Binance a monthly incentive linked to USDC held through Circle’s Modular Smart Contract Wallet service, while Binance will promote USDC.
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 →… pic.twitter.com/lURAuKzkcx
— Binance (@binance) September 22, 2026
The deal marks a significant expansion of the companies’ existing relationship. Their earlier USDC arrangements, signed in November 2024 and August 2025, have now been replaced by the new five-year agreement.
Binance will be restricted from selling, transferring or hedging the shares until the earlier of two years or the termination of the commercial arrangements by Binance in certain circumstances. There are customary exceptions, and Binance will retain voting rights attached to the shares.
The $100 million share purchase was completed through an unregistered private placement. This means Binance faces restrictions on reselling the shares unless they are registered or qualify for an applicable exemption.
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.https://t.co/I0CIUBUoCZ pic.twitter.com/zQ9f9EiYTk
— Circle (@circle) September 22, 2026
For Circle, the expanded relationship gives USDC another major distribution channel. Binance is one of the world’s largest cryptocurrency platforms, giving the stablecoin access to a large base of users and businesses.
Richard Teng, co-CEO of Binance, described the investment as a long-term commitment to the partnership. He said the companies aim to make dollar-based digital financial services more accessible and support what he described as a more transparent and compliant digital economy.
Circle CEO and co-founder Jeremy Allaire also highlighted the potential to expand access to dollar-based financial services, particularly in emerging markets. He said the companies see opportunities to use USDC for savings, investment and other digital-asset products.
USDC is a dollar-backed stablecoin designed to maintain a value close to one US dollar. Stablecoins have become an important part of crypto markets, serving as a way for users to move dollar-denominated value across digital-asset platforms.
The new agreement also gives both companies a longer-term commercial framework for expanding USDC usage. However, the deal does not guarantee any particular level of adoption or transaction volume.
Either company can terminate the five-year partnership early if specified events occur. For now, the investment and commercial agreement show that Binance and Circle are committing more deeply to the distribution and use of USDC across the global digital-asset market.
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