BlackRock Targets 10% Stake in Circle’s IPO: Institutional Backing for USDC

BlackRock’s planned investment in Circle suggests a major influx of institutional capital into the stablecoin market. The asset manager reportedly seeks to acquire a 10% stake in Circle Internet Financial’s upcoming Initial Public Offering, as reported by Bloomberg. This move signifies a growing trend of institutional support for Circle’s USDC, potentially shaping the future of stablecoin integration within finance.