Binance Invests $100 Million in Circle to Expand USDC Partnership
On September 22, Binance announced a $100 million investment in stablecoin issuer Circle as part of an expanded five-year partnership. The deal involves Binance acquiring ordinary shares at a 5% discount and not selling them for two years. This collaboration aims to boost the global adoption of USDC by leveraging Binance's user base, especially in developing markets. The agreement builds on a strategic alliance first announced in December 2024 between the two companies. Circle CEO Jeremy Allaire highlighted opportunities to expand dollar access using USDC, while Binance co-CEO Richard Teng emphasized long-term confidence in Circle’s growth potential. The partnership reflects broader momentum for stablecoins, which have grown rapidly since a more favorable regulatory environment emerged following the 2025 Genius Act. Circle's USDC is currently valued at nearly $76 billion and ranks second among stablecoins after Tether's USDT ($183 billion). This marks a significant shift from past tensions between Binance and Circle, which had competed over user adoption of their respective stablecoins before Paxos ended its partnership with Binance in 2023.
Tickers: $CRCL
Topics: crypto investment partnerships stablecoins