Circle Acquires Hashnote for $100 Million to Prepare for IPO

Circle has announced the acquisition of Hashnote, a regulated asset manager, in a deal worth $100 million. This strategic move strengthens Circle’s position ahead of its planned $600 million IPO and integrates USYC, a tokenized money market fund managed by Hashnote, with USDC, a stablecoin offered by Circle. This integration could influence the stablecoin market dynamics and solidify Circle’s presence in regulated finance.