Summary
- BlackRock aims to secure up to 10% of shares through participation in Circle's IPO.
- BlackRock has been continuously strengthening its partnership with Circle and is managing part of the reserves for USDC.
- The collaboration has reportedly contributed to enhancing the reliability of Circle's financial infrastructure.
On the 28th (local time), according to Bloomberg, the world's largest asset manager, BlackRock, is reportedly aiming to secure up to 10% of shares through participation in the initial public offering (IPO) of Circle, the issuer of the stablecoin USDC.
This investment move comes as BlackRock has been strengthening its partnership with Circle over the past few years. Currently, BlackRock manages part of the reserves for USDC, and the collaboration between the two companies has contributed to enhancing the reliability of Circle's financial infrastructure.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
