Circle signs five-year commercial agreement with Binance

Circle has entered into a new five-year commercial agreement with Binance, which includes a $100 million equity investment by Binance in Circle. The partnership aims to expand USDC access, particularly in emerging markets, replacing previous arrangements from 2024 and 2025. Binance acquired 1.237 million Class A shares of Circle at $80.84 per share, subject to a two-year lock-up period. Data shows that USDC balances held by Binance customers have grown nearly fivefold to $7.1 billion since the initial partnership, significantly outpacing the overall growth of the USDC supply.