Crypto
$USDC Dominance: Circle Doubles Down on Binance with New Five-Year Deal
Circle has renewed its partnership with Binance for five years, doubling down on the exchange as one of the largest distribution channels for USD Coin ($USDC).
The new agreement comes as $USDC customer balances on Binance nearly quintupled since their first deal in November 2024.
Circle CEO Jeremy Allaire said the partnership will accelerate global and emerging market preference and adoption of $USDC, helping to expand access to a new financial system for hundreds of millions of people worldwide.
The agreement also makes Binance an investor in Circle with a $100 million equity investment, giving it a 0.5% stake in the company.