USA – Circle, a Boston, MA-based global financial technology firm that provides payments and treasury infrastructure for internet businesses, raised $440m in financing.
Backers included 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 company intends to use the funds for continued growth, organizational development and market expansion opportunities. Led by Jeremy Allaire, co-founder and CEO, Circle is a global financial technology firm that enables businesses of all sizes to leverage stablecoins and public blockchains for payments, commerce and financial applications worldwide. The platform has supported more than 100 million transactions by more than 10 million retail customers and more than 1,000 businesses. The company is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for the regulated, fully reserved dollar digital currency. USDC now stands at more than 22billion and has supported over $615 billion in transactions over the past year. 30/05/2021
