{"id":60000,"date":"2022-04-12T17:16:17","date_gmt":"2022-04-12T14:16:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60000"},"modified":"2025-09-05T01:00:54","modified_gmt":"2025-09-04T22:00:54","slug":"circle-announces-400-million-funding-round-with-fidelity-and-blackrock","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/circle-announces-400-million-funding-round-with-fidelity-and-blackrock\/","title":{"rendered":"Circle announces $400 million funding round with Fidelity and BlackRock"},"content":{"rendered":"<p>The Circle Internet Financial, the company behind the stablecoin USD Coin (USDC), said it was in talks to raise $400 million with the participation of BlackRock, Fidelity Management and Research, Marshall Wace and Fin Capital.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">With demand for <a href=\"https:\/\/twitter.com\/hashtag\/USDC?src=hash&#038;ref_src=twsrc%5Etfw\">#USDC<\/a> 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. <a href=\"https:\/\/t.co\/OjkhYT0f5T\">https:\/\/t.co\/OjkhYT0f5T<\/a><\/p>\n<p>\u2014 Circle (@circlepay) <a href=\"https:\/\/twitter.com\/circlepay\/status\/1513865804797857798?ref_src=twsrc%5Etfw\">April 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The closing is expected in the second quarter of 2022.<\/p>\n<p>BlackRock has become a strategic partner to Circle. The agreement contemplates exploring the use of USDC in the capital markets.<\/p>\n<p>The investments will go toward further developing the company&#8217;s infrastructure amid rising demand for stablecoins and related financial services.<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/usd-coin\">CoinGecko<\/a>, the market capitalization of USD Coin stands at $50.9 billion. In January 2022, the USDC supply on the Ethereum blockchain <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-supply-on-ethereum-overtakes-usdt-for-the-first-time\">first surpassed<\/a> the market leader USDT.<\/p>\n<p>In addition to Ethereum, Circle supports USDC on networks Algorand, <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-stablecoin-launched-on-the-solana-blockchain\">Solana<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-stablecoin-launches-on-the-stellar-blockchain\">Stellar<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/centre-consortium-launches-usdc-stablecoin-on-the-tron-blockchain\">Tron<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/centre-consortium-launches-usdc-stablecoin-on-hedera-hashgraph\">Hedera Hashgraph<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/circle-launches-usdc-stablecoin-on-the-avalanche-blockchain\">Avalanche<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/circle-launches-usdc-stablecoin-on-flow-blockchain\">Flow<\/a>. The company <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-issuer-to-build-a-global-stablecoin-network\">announced<\/a> the creation of a &#8216;global network of stablecoins&#8217;.<\/p>\n<p>In July 2021, as part of a move to go public via a SPAC merger with Concord Acquisition Corp., the company <a href=\"https:\/\/u1f987.com\/en\/news\/circle-to-go-public-via-spac-merger-valued-at-4-5-billion\">was valued at $4.5 billion<\/a>. In February 2022, this <a href=\"https:\/\/forklog.io\/circle-otsenili-v-9-mlrd-vramkah-obnovlennogo-soglasheniya-o-sliyanii-so-spac\/\">figure doubled<\/a>.<\/p>\n<p>Earlier in August 2021, Circle <a href=\"https:\/\/u1f987.com\/en\/news\/circle-to-become-a-national-full-reserve-digital-currency-commercial-bank\">promised<\/a> to restructure into a commercial crypto bank. At the same time, the company and its partner in the Centre consortium\u2014the exchange Coinbase\u2014<a href=\"https:\/\/u1f987.com\/en\/news\/usdc-issuer-to-shift-reserves-into-cash-and-u-s-treasuries\">agreed to transfer<\/a> the stablecoin reserves into dollars and U.S. Treasury securities.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Circle Internet Financial, the company behind the stablecoin USD Coin (USDC), said it was in talks to raise $400 million with the participation of BlackRock, Fidelity Management and Research, Marshall Wace and Fin Capital.<\/p>\n","protected":false},"author":1,"featured_media":60001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,1220,910],"class_list":["post-60000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-circle","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60000"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60000\/revisions"}],"predecessor-version":[{"id":60002,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60000\/revisions\/60002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60001"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}