Binance Invests $100 Million in Circle, Expands Strategic Partnership and Renews for Five Years

Binance today announced a $100 million equity investment in Circle Internet Group, Inc. (NYSE: CRCL), along with an expanded and renewed strategic partnership to promote USDC across Binance’s global platform. The new arrangement has a term of five years.

Under the expanded partnership, Binance will promote USDC across its global platform, especially in emerging markets. Circle will provide the infrastructure services that support holding and using USDC.

As part of the partnership, Binance purchased $100 million in Circle Class A common stock through a private placement at a purchase price reflecting a 5% discount to the market price of CRCL before closing.

“Circle has earned its place as one of the most credible issuers in the world, spanning USDC, Arc and the infrastructure reshaping how value moves across borders. Our $100 million investment and five-year commitment represent long-duration conviction,” said Richard Teng, co-CEO of Binance. “We are helping to build a more inclusive, transparent, and compliant digital economy. A stable, trusted digital dollar should not be a privilege–it should be available to anyone with a phone. That's the future this partnership is designed to deliver.”

“Binance has built one of the largest and most dynamic platforms in the world for using digital currency, creating the internet’s largest financial super app, and becoming the most widely used wallets in the world for dollar stablecoins,” said Jeremy Allaire, Co-founder, Chairman and CEO of Circle. “Together, we see incredible opportunities to leverage USDC to expand dollar access, support savings and investment with innovative digital asset products, and reach people and businesses throughout global emerging markets.”