BlackRock Secures 10% Stake in Circle’s IPO, Boosting USDC’s Institutional Credibility

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-28 18:56:12

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BlackRock is set to acquire roughly 10% of Circle’s shares in its upcoming IPO, as reported by Bloomberg. This investment strengthens an existing partnership, with BlackRock already overseeing the Circle Reserve Fund—which holds 90% of USDC’s reserves. The offering, priced to raise $624 million, has seen orders oversubscribed ahead of its June 4 pricing date.

Circle’s move highlights growing institutional confidence in stablecoin issuers. USDC, the second-largest dollar-pegged stablecoin, boasts a $61.3 billion market cap and remains critical for crypto transactions. This deal represents one of the largest single-investor commitments to a crypto firm to date.

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