Jeremy Allaire

Stories

Binance buys $100 million Circle stake in five-year USDC deal

As of September 2026: Leading Circle through $100M Binance investment

Binance bought $100 million of Circle stock on Sept. 17, becoming a part-owner of the company behind USD Coin (USDC), the second-largest stablecoin. The equity purchase came with a five-year commercial agreement that pays Binance a monthly fee tied to USDC holdings it helps grow.

Updated Sep 23

Circle agrees to buy cross-border payments firm Tazapay for $400 million

Money Moves

As of September 2026: Leading Circle's expansion into cross-border payments infrastructure

Circle Internet Group, the New York-based issuer of the USDC stablecoin, announced September 8 that it signed a definitive agreement to acquire Tazapay, a Singapore-headquartered cross-border payments company, in an all-stock deal worth about $400 million. It is Circle's largest purchase since it bought the Poloniex exchange in 2018, and its first major acquisition since its June 2025 public listing.

Updated Sep 13

Notable Quotes

Together, we see incredible opportunities to leverage USDC to expand dollar access, support savings and investment with innovative digital asset products, and reach people and businesses throughout global emerging markets.

from Binance buys $100 million Circle stake in five-year USDC deal · Updated Sep 23

Stablecoin settlement is becoming core infrastructure in the global economy, and combining USDC with Tazapay's world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption.

from Circle agrees to buy cross-border payments firm Tazapay for $400 million · Updated Sep 13