BlackRock Aims for 10% Stake in Circle Ahead of US IPO

Reports indicate that investment behemoth BlackRock is planning a significant investment in cryptocurrency firm Circle before its anticipated US initial public offering. Sources suggest BlackRock is pursuing a stake of up to 10% in Circle, demonstrating considerable confidence in the company’s future and the broader cryptocurrency sector. This investment is expected to generate significant buzz within the cryptocurrency market and solidify Circle’s position as a major player. The move also signals increasing acceptance of cryptocurrencies by large institutions, reflecting growing interest from traditional investors. This will serve as a strong endorsement for Circle as it expands in the US and global markets. An official announcement is anticipated soon, and the deal is expected to have a substantial impact on the price of USDC, the stablecoin issued by Circle.