Tag: Circle

Circle, the issuer of the world’s second-largest stablecoin, USDC, is pursuing international expansion after securing $400 million in funding. BlackRock and Fidelity headlined the new funding round, which follows a $440 million raise last May. The capital raise, led by major investors, such as Blackrock, Fidelity Management, Marchall Wace, and Fin Capital, is expected to…

Circle, an issuer of the world’s second-largest stablecoin USDC, has announced plans to be 100% backed by cash and short-term U.S. Treasuries by September. The company’s most recent attestation showed USDC’s $22 billion supply was backed by only 61% cash and cash equivalents. “Mindful of community sentiment, our commitment to trust and transparency, and an…

The Circle company, known as the issuer of the USDC stablecoin, is set to become a US national commercial bank – a digital bank that combines crypto and fiat payments. This is yet another way the cryptocurrency industry is invading traditional banking. We have only just written about how crypto exchanges are becoming competitors of…

Circle, the issuer of the USDC stablecoin, plans to go public by the end of the year through a SPAC with special purpose acquisition company Concord Acquisition Corp. The deal values the crypto financial services firm at $4.5 billion. The deal announced on Thursday values Circle at $4.5 billion following just a few weeks after…