<ul><li>Asset manager BlackRock is considering acquiring a 10% stake in USDC stablecoin issuer Circle as part of their upcoming IPO, which has attracted interest from various traditional finance and crypto firms.</li><li>Circle's Chief Executive plans to raise about $624 million in the IPO, with BlackRock's possible stake yet to be finalized, but the $9 trillion asset manager has a history with Circle through managing a money market fund for the USDC stablecoin.</li><li>USDC adoption is expected to rise given recent institutional developments and upcoming stablecoin regulations, with large crypto firms like Ripple and Coinbase already using USDC, despite previous informal sale talks.</li><li>Ark Invest, led by Cathie Wood, is also reportedly planning a $150 million investment in Circle's IPO, signaling growing institutional interest in cryptocurrencies and optimistic outlook within the digital asset trading community.</li></ul>

BlackRock & Ark Invest Mulls Major Stake In Circle’s Proposed IPO

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