Binance buys $100 million in Circle shares, the company behind USDC
Binance buys $100 million in Circle shares, the company behind USDC
Binance, the biggest platform in the world for buying and selling cryptocurrencies, bought shares of Circle for 100 million dollars. Circle issues USDC, the world's second largest stable digital currency.
The news came in a document that Circle filed with the Securities and Exchange Commission of the United States, the agency that watches the stock market. It came out on Tuesday, September 22, 2026.
How many shares it bought
According to that document, Binance received 1,237,011 Class A shares, at $80.84 each.
The sale was a private placement: a share sale agreed directly between the company and the investor, without going through the exchange. The deal closed on September 17, 2026.
The price had a 5% discount against the earlier market value, like paying 95 dollars for something that costs 100.
A partnership for five years
The two companies renewed their business partnership for five years. Circle will pay Binance a fee every month, a percentage of the USDC stored and used in the Binance wallet. A wallet is where digital coins are kept.
Binance promises to promote USDC on its platform, with a focus on emerging markets such as Brazil and Mexico.
The shares stay still
Binance will not be able to sell, transfer or use those shares to protect itself from price changes for up to two years from the closing. The voting rights stay with Binance.
It is the third version of the deal in less than two years. It replaces deals from November 2024 and August 2025.
What a stablecoin is
A stablecoin is a digital currency that always has the same value as one dollar. That is why it is also called a stable coin. People use it to move money between countries and platforms without a bank.
The fact that the biggest platform in the world pays the issuer to promote it shows the fight to keep that market.
The context this week
The price of bitcoin is around 85,000 to 86,000 dollars. Bitcoin exchange traded funds, baskets that follow its price, took in close to $1.7 billion in two days, according to specialist media.
Fuentes: CoinDesk (Estados Unidos), Decrypt (Estados Unidos), The Block (Estados Unidos), Money Times (Brasil) y CriptoTendencia (Latinoamérica). 23 de septiembre de 2026.
