Binance Invests $100 Million in Circle for Deepened USDC Partnership

Circle Internet Group and Binance have deepened their partnership in USDC, the stablecoin developed by Circle. The two companies announced a five-year commercial agreement and a $100 million equity investment from Binance into Circle.

The deal will see Binance expand its promotion and integration of USDC across its platform, while Circle supports the stablecoin through its Modular Smart Contract Wallet infrastructure. Circle will also pay Binance a monthly incentive fee tied to USDC held through the service.

Binance co-CEO Richard Teng said, 'Our $100 million investment and five-year commitment represent long-duration conviction.'