Binance Invests $100 Million In Stablecoin Issuer Circle
Cryptocurrency exchange Binance has invested $100 million in stablecoin issuer Circle Internet Financial (NYSE: CRCL). The investment includes the purchase of 1,237,011 shares at a price below market rate and a new five-year commercial agreement to promote USDC on its platform. This deal strengthens their existing partnership since 2024. Under the terms, Binance will receive monthly fees based on USDC balances in exchange for promoting Circle's stablecoin. The investment signals long-term support from Binance as it locks up shares for two years or until specific conditions are met. Despite a short-term stock price increase of 2%, CRCL has seen an overall decline of 11% since its June 2025 IPO.
Tickers: $CRCL
Topics: Binance Circle crypto stablecoins USDC