The Bank Slate


BlackRock deepens ties with USD Coin issuer

Circle Internet Financial in Boston is raising $400 million from a group of investors that includes BlackRock, Fidelity Management and Research, Marshall Wace and Fin Capital.

Circle, which issues USD Coin (USDC), said in a Tuesday press release that it expects the funding round to close in the second quarter. 

BlackRock entered into a broader strategic partnership with Circle that includes exploring capital market applications for USDC. 

“Dollar digital currencies like USDC are fueling a global economic transformation, and Circle’s technology infrastructure sits at the center of that change,” Jeremy Allaire, Circle’s co-founder and CEO, said in the release.

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