BlackRock joins stablecoin issuer Circle's $400M funding round
Cointelegraph
Published Apr 12, 2022 09:44AM ET
Updated Apr 12, 2022 11:20AM ET
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.
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Written By: Cointelegraph
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