USDC Creator Circle stirred $ 440 million in funding round

Crypto payment company Circle announced today that it has raised $ 440 million in a funding round. The company behind the US Dollar Coin (USDC), the 14th largest cryptocurrency by market cap and the second largest stablecoin behind Tether, said the money came from the best investors. These include Digital Currency Group, Fidelity Management and Research Company, and cryptocurrency exchange FTX. "With strong donors committed to our mission and vision, we will double our efforts to expand into new markets, continue to drive core technology innovations and grow our team," said Circle Co-Founder and CEO Jeremy Allaire. The company added that the money will be used "to support our market expansion and growth". Circle helps online businesses adopt stablecoins and send payments. Together with Coinbase, the first public cryptocurrency exchange in the US, the company launched USDC in 2018. Circle has since attracted top talent in the peer-to-peer payments industry, including Facebook's former vice president, Diem.

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