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BlackRock Bets Big on Circle—Gobbles 10% of $624M Stablecoin IPO
BlackRock Bets Big on Circle—Gobbles 10% of $624M Stablecoin IPO
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Wall Street’s quiet giant just made a loud crypto move.
BlackRock—yes, the same folks who manage your aunt’s retirement fund—is snatching a 10% stake in Circle’s upcoming $624 million stablecoin IPO. Because nothing says ’mainstream adoption’ like traditional finance sharks circling the crypto waters.
Why now? Maybe they finally realized stablecoins are the only ’stable’ thing left in finance. Or maybe they’re just hedging against the apocalypse. Either way, grab your popcorn—this is institutional FOMO at its finest.
Circle is a top player in the stablecoin market and the Initial public offering announcement comes as an important turning point for the firm and the wider stablecoin sector. Amid all the IPO buzz, there is a chaos of corporate intrigue around Ripple and Coinbase pu... Read More
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