Binance Invests $100 Million In Stablecoin Issuer Circle

Cryptocurrency exchange Binance has invested $100 million in stablecoin issuer Circle Internet Group, as confirmed by a regulatory filing. The privately held Binance acquired $100 million worth of Circle stock and signed a new five-year agreement to promote Circle's USDC stablecoin. This commercial agreement between the companies commenced on September 17.

According to the filing, Binance purchased 1,237,011 shares of Circle's Class A common stock at $80.84 per share, a price 5% below the market rate at the time of closing. In return, Circle will pay Binance a monthly fee based on USDC balances in exchange for Binance's promotion of USDC on its exchange platform.

This agreement is not Binance's first collaboration with Circle; both companies have had similar payment-for-promotion deals since 2024. Binance must refrain from selling, pledging, or hedging its shares in Circle for two years or until the commercial deal ends under specific conditions.

Richard Teng, CEO of Binance, expressed that the $100 million investment and five-year commitment represent long-term conviction. Circle's stock surged 2% upon hearing about the latest investment from Binance. However, CRCL stock has dropped by 11% since the company went public in June 2025. Binance remains a privately held company with no publicly traded stock.