USDC from Circle will become the title sponsor on Chelsea Football Club's jersey. CoinDesk describes the arrangement as the first such sponsorship deal in the Premier League for a stablecoin.

Financial terms are not disclosed. Earlier reports referenced by CoinDesk claimed Chelsea was expected to receive 65 million pounds per year for this ad slot, or about 88,3 million dollars. The scale of the deal and its exact structure require further confirmation from Circle or the club.