Current outcome
Binance has taken a $100 million equity stake in Circle as part of a five-year agreement centered on USDC integration across its platform.
Progress timeline
1 material updates- #01
Binance invests $100 million in Circle , signs 5 - year USDC deal
On Sept. 22, Circle and Binance announced a new five-year commercial agreement covering USDC support and integration alongside Binance's $100 million equity investment in the stablecoin issuer. Binance bought 1.237 million Circle Class A shares at $80.84 each, a 5% discount to Circle's Sept. 17 closing price, and accepted a two-year restriction on selling, pledging or hedging the shares. The agreement extends Binance's role as one of USDC's most important distribution channels and replaces arrangements signed in November 2024 and August 2025. Circle CEO Jeremy Allaire said the partnership is designed to accelerate global and emerging-market adoption of USDC. The commercial agreement runs through September 2031, although either company can terminate it earlier under specified circumstances. The incentives attached to the renewed deal were not disclosed; under the November 2024 agreement Circle paid Binance a $60.25 million upfront fee plus monthly incentive payments tied to USDC held on the platform and in Binance's treasury.
Source evidence: finance.yahoo.com · forexcrunch.com · CoinDesk