Circle USD Coin Releases public Attestation amid Tether (USDT) FUD
Circle Internet Financial Ltd, based on Goldman Sachs American FinTech, received a $ 110 million capitalization, making it the highest-funded US startup.
Circle Internet Financial Ltd is backed by Chinese giant Bitmain, which invested $ 110 million in another round, bringing the startup to a total funding level of $ 3 billion. It is known that IDG Capital Partners, which is a co-investor of both companies, took part in the round..
In addition, during the round, it was announced the start of a joint work with Bitmain to create a dollar-backed cryptocurrency USD Coin (USDC), which would be based on government regulation through the national currency. To reduce volatility and ensure stability, Circle customers will be asked to hold $ 1 for each USDC coin.
Circle CEO Jeremy Alley claims the blockchain dollar, — a solution that opens up amazing opportunities for the national currency.
Earlier we wrote about how Circle were able to become the owners of the famous Poloniex exchange.
text: Evgeniya Likhodey, photo: Reshot