Binance Takes 0.5% Stake in Circle for $100M, Five-Year USDC Deal

Binance has invested $100 million in Circle Internet Group for a 0.5% equity stake, as part of a new five-year commercial arrangement around USD Coin (USDC), the world's second-largest dollar-pegged stablecoin.

The agreement was disclosed in a Form 8-K filing with the SEC and includes undisclosed monthly fees that could impact Circle's reserve income and earnings.

Circle's shares rose 1.8% to $96 in pre-market trading after the disclosure, reflecting investor optimism about the deal.