Circle is a leading peer-to-peer payment firm, and also the main operator of UDC CoinUSDCThe company announced that it has raised $400 million and formed a partnership with BlackRock, an American investment firm (NYSE:).

USDC issued has reached an agreement with investors BlackRock and Fidelity Management and Research. Fin Capital and Marshall Wace, a London-based hedge funds, are also part of the funding round. Annouced Tuesday. This investment round should close by the end of the second quarter in 2022.