Circle Announces $400M Funding Round

Circle Internet Financial, a global internet finance firm and the issuer of USD Coin ($USDC), today announced it has entered into an agreement for a $400M funding round with investments from BlackRock, Inc., Fidelity Management and Research, Marshall Wace LLP and Fin Capital. The funding round is expected to close in the second quarter. In addition to its corporate strategic investment and role as a primary asset manager of $USDC cash reserves, BlackRock has entered into a broader strategic partnership with Circle, which includes exploring capital market applications for $USDC.