# Binance backs Circle's global stablecoin push

> Binance invests $100 million in Circle to expand USDC internationally and challenge Tether's dominance in crypto markets.
- Title: Binance backs Circle's global stablecoin push · CNBC
- Summary: Binance invests $100 million in Circle to expand USDC internationally and challenge Tether's dominance in crypto markets. Binance is investing one hundred…
- Keywords: binance, circle, usdc, stablecoins, tether, cryptocurrency, investment, business, finance, backs, Circle's, global
- Source: CNBC — https://cnbc.com/2026/09/22/circle-lands-100-million-from-binance-to-ramp-up-global-usdc-expansion-.html
- Author: Tanaya Macheel
- Published: 2026-09-22T13:08:03+00:00
- Read time: 1 min
- Topics: binance, circle, usdc, stablecoins, tether, cryptocurrency, investment, business, finance
## Binance backs Circle with $100m
Binance is investing one hundred million dollars in stablecoin issuer Circle as part of a five-year deal to promote Circle's USDC on its platform.
## Deal terms and share purchase
Binance agreed to buy one hundred million dollars of Circle shares at eighty dollars and eighty-four cents each, subject to a lockup of as long as two years.
## How the partnership works
Circle gains access to Binance's large global user base in exchange for paying Binance a monthly incentive fee tied to USDC balances. Shares of Circle rose more than one percent in premarket trading Tuesday.
## Circle's global expansion strategy
Circle is pushing to expand USDC beyond its historically U.S.-focused base and compete more directly with stablecoin giant Tether in international crypto markets.
## The stablecoin competition
USDT remains larger with roughly one hundred eighty-three billion dollars in circulation versus about seventy-five billion dollars for USDC. USDT has strong international trading presence while USDC pitches regulated markets and transparency.
## The stakes for both stablecoins
The fight between USDC and Tether is ultimately a battle over which becomes the default for global crypto trading, payments and finance.
## Key takeaway

Binance is investing one hundred million dollars in stablecoin issuer Circle under a five-year deal to promote USDC globally and compete with Tether.