Binance invests $100 million in Circle, as the two crypto firms also extend and expand an existing partnership focused on promoting Circle’s USDC stablecoin. Multiple outlets report the companies complete an equity placement and related commercial terms on the same day.

The reports say the investment is paired with a five-year arrangement under which Binance promotes USDC on its platform. CNBC and others describe Binance’s role as helping ramp up USDC’s global expansion, while additional coverage notes that incentives and fees are part of the expanded deal and that funds move in both directions—Circle receives investment proceeds and also pays monthly incentives tied to USDC activity.

Some outlets frame the development as a notable shift for Binance, which previously moved away from supporting USDC trading in favor of its own stablecoin. Other coverage focuses more narrowly on the mechanics: Circle selling Binance stock at a reported per-share price and agreeing to pay ongoing fees linked to USDC balances and wallet infrastructure. Despite differences in emphasis, all accounts describe the same $100 million stake and an extended, multi-year USDC commercial partnership.