Current outcome
Binance holds a $100 million stake in Circle (1,237,011 Class A shares at $80.84 each, private placement closed September 17, 2026) under a five-year USDC promotion deal in which Circle pays a monthly incentive fee based on USDC held and Binance performs additional promotional activities; the deal supersedes agreements from November 2024 and August 2025.
Progress timeline
3 material updates- #01
- #02
Binance Takes $100M Stake in Circle Under Five-Year USDC Promotion Deal
Circle issued Binance 1,237,011 Class A shares at $80.84 each, raising $100 million in a private placement that closed September 17, 2026. The five-year USDC promotion deal supersedes agreements from November 2024 and August 2025. Binance cannot sell or hedge the shares for up to two years but retains voting rights.
State after update: Binance holds a $100 million stake in Circle (1,237,011 Class A shares) under a five-year USDC promotion deal that closed September 17, 2026, and supersedes earlier agreements.
Source evidence: Decrypt
- #03
Binance takes $100M stake in Circle under expanded USDC deal
Under the expanded five-year agreement, Circle will pay Binance a monthly incentive fee based on the amount of USDC held through Circle's Modular Smart Contract Wallet infrastructure, and Binance agreed to undertake additional USDC promotional activities. The two-year lockup can end earlier if Binance terminates the commercial agreement under certain conditions.
State after update: Binance holds a $100 million stake in Circle (1,237,011 Class A shares at $80.84 each, private placement closed September 17, 2026) under a five-year USDC promotion deal in which Circle pays a monthly incentive fee based on USDC held and Binance performs additional promotional activities; the deal supersedes agreements from November 2024 and August 2025.
Source evidence: Cointelegraph