Circle Stock Spikes As Binance Takes $100 Million Slice

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Circle Stock Spikes As Binance Takes $100 Million Slice

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HARRIET WEBER

11:26 AM ET 09/22/2026

Binance, the world's busiest crypto exchange, is paying $100 million for a stake in Circle, the company behind the USDC stablecoin. News of the deal comes as the Justice Department and the Manhattan U.S. attorney's office reportedly probe Binance over alleged Iran-sanctions violations. Circle stock briefly jumped more than 3% Tuesday, before settling back into a fractional decline during morning…

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