Binance invests $100M in Circle and signs a five-year USDC distribution deal

Binance agreed to buy $100 million of Circle Class A common stock in a private placement at a 5% discount to the market price before closing. The two companies also signed a new five-year commercial agreement to expand USDC access, mainly in emerging markets. Binance will promote and integrate USDC on its platform while Circle provides the infrastructure.

• Investment: $100 million of Class A common stock via private placement
• Pricing: 5% discount to the CRCL market price before closing
• Term: new five-year commercial agreement
• Focus: wider USDC access in emerging markets