BankingBusiness

Circle: Announces $400M Funding Round

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
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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