Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptoknowmics 2022-04-13 06:26:34

USDC Issuer Circle Raises $400M from BlackRock, Fidelity

USDC stablecoin issuer Circle has raised $400 million in a new funding round that is expected to close in the second quarter of the year. Investors in the round include BlackRock, Fidelity Management and Research, Marshall Wace and Fin Capital. BlackRock Backs Circle, Deepens Partnership The issuer of stablecoin USD Coin, Circle Internet Financial has announced a $400 million fundraise that is expected to close in the second quarter. With demand for #USDC growing and use cases in financial services continuing to scale globally, Circle plans additional strategic growth with a $400M funding round announcement and strategic partnership with BlackRock. https://t.co/OjkhYT0f5T — Circle (@circlepay) April 12, 2022 The funding round included investments from multinational investment firm BlackRock Inc., advisory firm Fidelity Management and Research, London-based hedge fund Marshall Wallace LLP and Fin Capital. It follows a $440 million funding round raised in May last year In addition to the funding round, BlackRock and Circle also revealed a new strategic partnership to focus on exploring capital market applications for USDC. “Dollar digital currencies like USDC are fueling a global economic transformation, and Circle’s technology infrastructure sits at the center of that change. This funding round will drive the next evolution of Circle’s growth. It’s particularly gratifying to add BlackRock as a strategic investor in the company....

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.