USDC Dev Company Circle Announces $400M Funding Round

Circle, the maker of USD Coin (USDC), the second largest stablecoin by market capitalization, announced that it has raised $400 million from a funding round led by BlackRock and Fidelity.

According to a press release on April 12, Circle’s investors, with the exception of BlackRock and Fidelity, are: Marshall Wace LLP and Fin Capital is also included.

Jeremy Allaire, CEO and co-founder of Circle Internet Financial, which provides financial infrastructure services, said in a statement on the subject:

This round of funding will move into the next phase of the company’s growth. We are delighted that BlackRock has invested in our company. We look forward to growing our partnership.

said.

Circle Internet Financial is in the financing round in May 2021. 440 million dollars had collected.

Moreover, Jeremy Allaire, insider with a in the interview stablecoins, SPACs and SEC talked about and bthat itcoin will surpass the market cap and will cost $1 million made a long-term forecast.

Current market cap of USDC according to CoinMarketCap data $50.8 billion is around.

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