BlackRock plans to buy 10% of Circle's shares in the company's $624 million IPO, signaling deeper involvement in the crypto space.
Circle aims to raise $624 million through its long-awaited IPO, with BlackRock showing interest in acquiring a significant stake.
Despite the IPO plans, talks about potential acquisition of Circle by Coinbase and Ripple are still ongoing.
BlackRock's interest in Circle's IPO signifies a strategic move towards dominating the stablecoin infrastructure in the emerging crypto financial system.