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Circle raises $100M selling shares to Binance, linking stablecoin USDC with Binance wallet fees

Market News
22 Sep 2026
Decrypt
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Bullish
Circle raises $100M selling shares to Binance, linking stablecoin USDC with Binance wallet fees

Circle sold 1,237,011 Class A shares to Binance at $80.84 each, raising $100 million in a private placement closed on September 17. Under a new five-year deal, Circle will pay Binance a monthly fee based on USDC stablecoin held via Binance's wallet infrastructure, while Binance agreed to promote USDC on its platform. Binance cannot sell or hedge the shares for two years but retains voting rights. This deal updates previous agreements and strengthens the partnership as Circle launches its Arc Layer 1 network with major financial backers, with Binance as a key exchange partner. The arrangement highlights the growing integration of stablecoins with crypto infrastructure and exchange services.

As of Sep 22, 2026 19:04 WIB, Binance Coin (BNB) trades at Rp14.087.677 on Pluang, showing a slight 0.03% increase over the past day. The market cap stands at Rp1.870,97 trillion with a 24-hour trading volume of Rp43,38 trillion. Binance remains a major player in the crypto ecosystem, supported by active trading and a balanced order activity of 57% sell and 43% buy on Pluang.

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