In TrendsStock MarketNSE IPOIndia's EconomyRupee vs DollarDow JonesBinance invests $100 million in Circle, renews USDC partnership for 5 yearsBinance has invested $100 million in Circle and renewed its strategic USDC partnership for five years. The deal will see Binance promote USDC globally, with a focus on emerging markets. Circle will provide infrastructure to support the holding and use of the dollar-backed stablecoin.By CNBCTV18.com September 22, 2026, 8:40:46 PM IST (Published)Binance has invested $100 million in Circle Internet Group, the issuer of the USDC stablecoin, as part of an expanded strategic partnership that will run for five years.Under the renewed agreement, Binance will promote USDC across its global platform, with a particular focus on emerging markets. Circle will provide infrastructure services supporting the holding and use of USDC, according to a joint announcement on Tuesday.Binance purchased $100 million worth of Circle Class A common stock through a private placement. The shares were bought at a price representing a 5% discount to Circle's market price prior to the transaction closing.Richard Teng, co-CEO of Binance, said the investment reflected the company's "long-duration conviction" in Circle and its digital-asset infrastructure."Circle has earned its place as one of the most credible issuers in the world…
Original source: https://www.cnbctv18.com/technology/
