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Circle to Raise $400M from BlackRock and Fidelity

ByLouis Adams

Apr 13, 2022
Reading time: < 1 minute

Circle Internet Financial, the company which is behind the stablecoin USD Coin (USDC), has just announced it is negotiating to raise $400 million from BlackRock, Fidelity Management and Research, Marshall Wace and Fin Capital.

As reported, the transaction should close in Q2 2022.

BlackRock will be a strategic partner of Circle. The agreement involves studying the possibilities of using USDC in the capital market.

The company has reported that the investments will be used to help develop the company’s infrastructure in the light of the growing demand for stablecoins and other financial services related to this kind of assets.