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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