Binance Backs Circle with $100M Stake in USDC Issuer

Circle, the issuer of the popular USDC stablecoin, saw its shares rise nearly 2% in premarket trading after Binance announced a $100 million investment in the company.

The deal includes a private placement where Binance purchased 1,237,011 Class A Circle shares at $80.84 each, accompanied by a new five-year agreement to promote USDC across Binance's ecosystem.

Binance will expand USDC across trading, savings and investment products while encouraging adoption in emerging markets, and Circle will pay Binance a monthly fee linked to USDC balances held through Binance's wallet infrastructure.