Binance acquires stake in Circle following $100 million stock purchase

Circle sold 1,237,011 shares of Class A common stock to Binance for $100 million on September 17, making the exchange a shareholder. As part of a five-year commercial agreement, Circle will pay Binance recurring incentive fees for promoting USDC on its platform. Binance is restricted from selling or hedging these shares for two years. This deal replaces previous marketing arrangements from November 2024 and August 2025.