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Circle, the company behind the US dollar-backed stablecoin USDC, raises $440M, sources say ahead of a potential SPAC deal targeting a valuation of $4B

Quick Take  — Circle has raised $440 million in a new funding round  — The firm — which is behind the fast-growing USDC stablecoin …

The Block Frank Chaparro

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  • @jerallaire Jeremy Allaire on x
    1/4 ANNOUNCEMENT: Circle has raised $440M in a strategic financing to accelerate our growth and market expansion. This comes on the heels of extraordinary growth in USDC adoption, and acceleration across our business. https://www.circle.com/...
  • @forbescrypto Forbes Crypto on x
    Of the 12 largest crypto-investments in history, five have been in 2021, showing a shift this year as money typically reserved for more traditional investments finds its way into crypto. https://on.forbes.com/...
  • @forbescrypto Forbes Crypto on x
    Five (!) of the 12 largest investment rounds in crypto industry's history have happened in the last three months. See the full list here: https://on.forbes.com/...
  • @alexrkonrad Alex Konrad on x
    Crypto startups have a new record-sized funding round as Circle raised $440 million, our own @ninabambysheva reports: https://www.forbes.com/...