South Africa: Binance invests $100m in Circle Internet Group

Binance invested $100M in Circle, expanding USDC adoption. Canada's top banks explore tokenized deposits. Stablecoin cross-border flows surged 78% to $220.3B. NYSE and Blockchain.com plan tokenized US stocks and ETFs, pending regulatory approval.

Circle Internet Group (CRCL) shares traded near $91 in premarket trading. The company issued 1.24 million shares to Binance at $80.84 each. Circle's acquisition of Tazapay, valued at $400 million, will be paid in shares, with the final count based on CRCL's 20-day VWAP before closing. The deal may require up to 4.4 million shares if the VWAP is $90.80.

Circle (CRCL) stock initially rose after receiving OCC approval for a digital currency bank but later trimmed gains due to mixed analyst reactions. Mizuho and Wolfe Research were cautious, citing limited near-term earnings impact, while Clear Street was optimistic about long-term revenue potential. Analysts' price targets ranged from $65 to $157.

Binance acquired a $100 million stake in Circle, buying 1.24 million shares at $80.84 each. The deal includes a five-year promotion agreement for USDC stablecoin, with Circle paying Binance monthly fees. Binance cannot sell the shares for two years. Circle's stock has declined 34% over the past year, according to Yahoo Finance data.

Binance invested $100 million in Circle (NYSE: CRCL) and renewed a five-year partnership to promote USDC globally, focusing on emerging markets. Binance purchased Circle shares at a 5% discount to the market price.

Binance invested $100M in Circle (CRCL), buying 1.24M shares at $80.84 each, 5% below market rate. The five-year deal includes promoting Circle's USDC stablecoin. Circle's stock rose 2% on the news, but is down 11% since its June 2025 IPO.