Circle Internet Group, Inc. (CRCL) announced a significant expansion of its strategic partnership with Binance, which includes a new five-year commercial arrangement and a $100 million equity investment from Binance.
Key Details
- Private Placement: On September 17, 2026, Binance purchased 1,237,011 shares of Circle's Class A common stock for $100 million, at a price of $80.84 per share.
- Expanded Commercial Agreement: The parties entered into a new five-year arrangement to promote USDC. Circle will pay Binance a monthly incentive fee based on the amount of USDC held through its Modular Smart Contract Wallet infrastructure service.
- Share Lock-up: The shares sold to Binance are subject to a two-year lock-up period, restricting their sale or transfer under most circumstances.