TechBinance buys $100 million Circle stake in five-year USDC promotion deal
Cointelegraph reports that Circle will pay Binance monthly incentives tied to USDC held through Circle’s wallet infrastructure, while the exchange promotes the stablecoin.
TLDR
Cointelegraph, citing an SEC filing, reports that Binance bought about 1.24 million Circle Class A shares at $80.84 each in a September 17 private placement. The expanded five-year partnership includes monthly payments to Binance based on USDC held through Circle’s Modular Smart Contract Wallet service. It replaces agreements from November 2024 and August 2025, and either company can end it early under specified circumstances. Binance retains voting rights but faces restrictions on selling or transferring the shares for up to two years.
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Binance buys $100 million Circle stake in five-year USDC promotion deal
Cointelegraph reports that Circle will pay Binance monthly incentives tied to USDC held through Circle’s wallet infrastructure, while the exchange promotes the stablecoin.
TLDR
Cointelegraph, citing an SEC filing, reports that Binance bought about 1.24 million Circle Class A shares at $80.84 each in a September 17 private placement. The expanded five-year partnership includes monthly payments to Binance based on USDC held through Circle’s Modular Smart Contract Wallet service. It replaces agreements from November 2024 and August 2025, and either company can end it early under specified circumstances. Binance retains voting rights but faces restrictions on selling or transferring the shares for up to two years.