Binance is deepening its ties with Circle. On Tuesday, the crypto exchange announced a $100 million investment in the issuer of USDC as part of a new five-year pact to broaden the stablecoin’s global reach. Circle will supply the technology, while Binance will use its global user base to expand USDC adoption, particularly in developing markets.
Under the terms of the deal, Binance purchased ordinary shares in Circle, making the exchange a part-owner of the company behind USDC. Binance acquired the shares at a 5% discount and agreed not to sell or transfer them for up to two years. The investment expands on a strategic partnership the two companies first announced in December 2024.
