#03 Circle raises $400 million from BlackRock and others.

Investments of BlackRock, Inc ., Fidelity Management and Research, Marshall Wace LLP and Fin Capital

Circle, which manages the stablecoin "USDC" linked to the U.S. dollar, signed on the 12th a contract to raise $400 million from four companies including BlackRock, the largest asset management company in the United States.

In addition to BlackRock, "Fidelity Management and Research," "Marshall Wace LLP" and "Fin Capital" also participated in the investment. As the demand for digital currency in US dollars and related services grows globally, the funds raised will be used for Circle's strategic growth. The contract process is expected to be completed in the second quarter of this year (April to June).

Circle @circlepay

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.

hubs.liCircle Announces $400M Funding RoundThe new funding promotes Circle’s continued strategic growth as demand for dollar digital currency and related financial services continues to scale globally.

The new funding furthers Circle's continued strategic growth as demand for digital dollar currencies and related financial services continues to grow globally. USDC is one of the fastest growing digital dollar currencies with over $50 billion in circulation.

Why it matters

Circle is a fintech company that has partnerships with major payment companies such as Visa and Mastercard. It works to enable businesses of all sizes to leverage digital currency and public blockchain technology.