BlackRock Bets Big on Circle’s IPO—Because Nothing Says ‘Trust the System’ Like a $4.5T Asset Manager Backing Stablecoins
Wall Street’s sleeping giant just woke up—and it’s hungry for crypto. BlackRock, the $4.5 trillion behemoth, is reportedly circling Circle’s IPO like a shark in chummed waters. Guess even traditional finance can’t ignore the siren song of stablecoin adoption.
Why now? Because nothing spices up a boring balance sheet like a slice of the $30B+ USDC empire. Rumor has it Larry Fink’s team wants a front-row seat to the next act of crypto’s mainstream circus.
Funny how ‘risk management’ suddenly includes betting on the very asset class they spent years dismissing. But hey, when the yield’s right, principles tend to… flex.
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The company’s stablecoin, USDC, is backed by dollars and equivalent assets. Analysts, including J.P. Morgan, expect the stablecoin market to grow to $500–750 billion. Circle will trade under the ticker “CRCL,” with J.P. Morgan, Goldman Sachs, and Citigroup as lead underwriters.
According to US Tiger Securities, Circle’s public debut at a 25% lower valuation signals a more grounded market outlook, though IPO momentum appears to be recovering. Companies like eToro and CoreWeave have seen strong post-IPO performance despite varied initial pricing.
