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Cryptocurrency News

BlackRock joins stablecoin issuer Circle’s $400M funding round

04/12/2022

Less than a minute

2022.04.12 18:21

Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock (NYSE:BLK).

The USDC issuer has entered into an agreement for a funding round featuring investors like BlackRock, the investment advisory firm Fidelity Management and Research, the London-based hedge fund Marshall Wace and Fin Capital, as Circle officially announced Tuesday. The investment round is expected to close in the second quarter of 2022.

Source

04/12/2022

Less than a minute