Binance Takes $100 Million Circle Stake And Renews The USDC Deal Circle Pays For

Circle sold 1,237,011 shares to Binance at $80.84 per share, a transaction disclosed in an SEC filing. The sale was executed at a roughly 5% discount to Circle's closing price on Sept. 17, and Circle will continue to pay Binance a monthly fee tied to USDC balances under the agreement.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished about 2 hours agoUpdated about 2 hours ago0 views

Binance Takes $100 Million Circle Stake And Renews The USDC Deal Circle Pays For

Why It Matters

The deal deepens Binance's financial stake in Circle and maintains a commercial relationship tied to USDC, the stablecoin at the center of both companies' business activities — developments that may affect market dynamics around USDC liquidity and exchange partnerships.

Key Facts

Shares sold: 1,237,011 shares
Price per share: $80.84
Discount to Sept. 17 close: Approximately 5% discount
Source of disclosure: SEC filing
Ongoing payments: Circle agreed to keep paying Binance a monthly fee tied to USDC balances

Circle has transferred 1,237,011 shares to Binance at a per-share price of $80.84, according to a filing with the U.S. Securities and Exchange Commission. The SEC document indicates the sale was priced at about a five percent discount relative to Circle's closing stock price on Sept. 17.

Alongside the equity transaction, Circle and Binance have continued their commercial arrangement: Circle will keep remitting a monthly fee to Binance that is linked to USDC balances, the filing states. The continuing payments preserve a direct economic relationship between the stablecoin issuer and the cryptocurrency exchange.

The SEC filing is the primary public disclosure of both the share sale and the fee agreement. Details beyond the number of shares, the per-share price, the stated discount to the Sept. 17 close, and the existence of the monthly fee tied to USDC balances were not provided in the excerpted material.

Taken together, the transaction increases Binance's ownership in Circle while maintaining an ongoing revenue relationship related to USDC, the widely used dollar-pegged token issued by Circle. Market participants and observers will likely view the filing as a formal update on the companies' financial and commercial ties.