Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => USDC Forum => Topic started by: Tanimariya on May 29, 2021, 09:16:25 AM

Title: USDC Builder Circle Raises $440M
Post by: Tanimariya on May 29, 2021, 09:16:25 AM

Announced Friday, Circle has raised $440 million from a roster of major backers. The crypto-native financial services firm behind the USDC (+0.07%) stablecoin has raised a massive funding round.

Announced Friday, Circle has raised $440 million from a roster of major backers.

“The financing included investments from leading private equity, institutional and strategic investors, including Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC, as well as Michael J. Price and Friends,” the firm said in a press release.  Source

 (https://www.coindesk.com/usdc-builder-circle-raises-440m)

Title: Re: USDC Builder Circle Raises $440M
Post by: Oxumare on May 29, 2021, 02:07:04 PM

If I remember correctly, Circle had previously invested $110 million in 2018 and $25 million in 2020.There are also plans to go public with $ 4 billion.Recently, when cash USDT at Tether company was 3.5%, most investors started to switch to USDC, USDC is quickly closing the gap with USDT.