Circle: Announces $400M Funding Round
- Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies
- Announced it has entered into an agreement for a $400M funding round with investments from BlackRock, Inc.
- In addition to its corporate strategic investment and role as a primary asset manager of
USDC cash reserves - BlackRock has entered into a broader strategic partnership which includes exploring capital market applications for USDC
- The new funding promotes continued strategic growth as demand for dollar
digital currency - USDC is one of the fastest-growing dollar digital currencies with over $50 billion in circulation
