Circle Raises $440M from Fidelity, FTX and Marshall Wace
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Circle, a company behind the USD coin (USDC) stablecoin, has announced the closure of a $440 million funding round. According to Jeremy Allaire, Co-Founder & CEO of Circle, the company raised funds from Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Digital Currency Group, FTX, and many others.

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"We are thrilled and humbled by the support and partnership with these great investors, and excited to keep building a lasting institution that we believe can help transform the global financial system on the foundation of the open internet," Allaire said.

With the funds, the company will continue its growth and market expansion opportunities, an official announcement says. Circle is now "poised" to meet significant global demand for its products, the company added.

Stellar Launches USDC Transfers on Its Network

The latest round of investments comes after the Goldman Sachs-backed fintech company announced plans for its own custodian for non-fungible tokens (NFT). According to an announcement, the fintech company wants to develop transfer services for NFT collectibles.

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