BlackRock Targets 10% Stake in Circle’s USDC-Backed IPO as Institutional Demand Surges

BlackRock Inc. is in advanced talks to secure a 10% stake in Circle Internet Financial’s upcoming initial public offering (IPO), Bloomberg reports. The IPO, which aims to raise up to $624 million, has garnered strong institutional interest—including a $150 million allocation commitment from Ark Investment Management.

This milestone offering represents a major step for crypto adoption, as Circle (issuer of the USDC stablecoin) prepares to go public. With orders already oversubscribed, the IPO demonstrates growing institutional confidence in digital assets. BlackRock’s potential participation reinforces its existing partnership with Circle, where it currently manages the $30 billion Circle Reserve Fund that backs USDC.

The move occurs amid increasing political and regulatory support for crypto, with figures like former President Donald TRUMP endorsing digital assets. Circle’s transition to a public company signals accelerating institutional adoption of blockchain-based financial infrastructure.