Algorand (ALGOUSD): Circle Raises $400M as BlackRock Explore...

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waldo77

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Friday, 04/15/2022 2:13:01 PM

Friday, April 15, 2022 2:13:01 PM

Circle Raises $400M as BlackRock Explores USDC
BlackRock and Fidelity headlined the stablecoin issuer's latest funding round, which follows a $440 million raise last May.
https://www.coindesk.com/business/2022/04/12/usdc-issuer-circle-raises-400m/

"...Notably, a press release said BlackRock, the world's largest asset manager, "has entered into a broader strategic partnership with Circle, which includes exploring capital market applications for USDC"..."

How Circle is Using Algorand
https://www.algorand.com/ecosystem/use-cases/circle

"...Algorand will be the first blockchain with a stablecoin implementation based on that framework that is Powered by USDC. This will allow people to easily move funds between traditional banks and card networks to digital dollars on the Algorand blockchain. Algorand is helping Circle and USDC create a foundation for developing a wide range of scalable, secure and compliant financial applications. Algorand also brings unparalleled speed with low transaction fees needed to power Stablecoins..."

Algorand & Circle: The Power of Stablecoins on a Next-Generation Blockchain
https://www.algorand.com/resources/blog/algorand-circle-the-power-of-stablecoins-on-next-generation

Experience the power of Algorand USDC
https://www.circle.com/en/usdc-multichain/algorand