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BlackRock Acquires 10% of Circle - The Company Behind the Stablecoin
BlackRock, the world's largest asset management firm, has acquired 10% of Circle, the issuer of the stablecoin, as part of the anticipated initial public offering (IPO) of Circle - expected later this year. This move makes BlackRock one of the largest shareholders in the company.
This is not just a financial transaction; it is a pivotal moment in the convergence of traditional finance (TradFi) and the infrastructure of cryptocurrencies.
Key Points:
• The stablecoin is the second largest globally.
• BlackRock already manages reserves of USDC.
• Its 10% stake shows a strong long-term belief in stablecoins as a transaction settlement tool.
This news has boosted sentiment around the regulation of stablecoins and the future of the stablecoin. Traders are awaiting further announcements from Circle regarding partnerships and product launches.
If the IPO is successful, Circle will become the first stablecoin issuer to have publicly traded shares and significant backing from Wall Street. Expect regulatory scrutiny, but also institutional adoption.
BlackRock, the world's largest asset management firm, has acquired 10% of Circle, the issuer of the stablecoin, as part of the anticipated initial public offering (IPO) of Circle - expected later this year. This move makes BlackRock one of the largest shareholders in the company.
This is not just a financial transaction; it is a pivotal moment in the convergence of traditional finance (TradFi) and the infrastructure of cryptocurrencies.
Key Points:
• The stablecoin is the second largest globally.
• BlackRock already manages reserves of USDC.
• Its 10% stake shows a strong long-term belief in stablecoins as a transaction settlement tool.
This news has boosted sentiment around the regulation of stablecoins and the future of the stablecoin. Traders are awaiting further announcements from Circle regarding partnerships and product launches.
If the IPO is successful, Circle will become the first stablecoin issuer to have publicly traded shares and significant backing from Wall Street. Expect regulatory scrutiny, but also institutional adoption.
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BlackRock is a large and reputable investment company that holds a very large amount of Bitcoin (over 631,000 coins) in a private investment fund that people can buy shares in. The total value of the Bitcoin held by BlackRock in this fund is approximately $65 billion, making it one of the largest institutions holding Bitcoin worldwide through this investment product
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Come on brothers, the biggest sending campaign will be until the end of the year
Let everyone benefit
Now we begin
#BtcNewHolder
#بلاك_روك
#Binance
#bitcoin
Come on brothers, the biggest sending campaign will be until the end of the year
Let everyone benefit
Now we begin
#BtcNewHolder
#بلاك_روك
#Binance
#bitcoin
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