Binance Bets Big on Circle with $100M Investment and Five-Year USDC Partnership
Binance has invested $100 million in Circle by acquiring 1.24 million shares of its Class A stock at $80.84 each.
The investment and a five-year partnership to expand USDC adoption across global markets were announced on Tuesday with an 8-K filing.
The agreements, signed on September 17, supersede previous contracts between the two companies, which first partnered in December 2024.