Cryptocurrency exchange startup Circle has closed its acquisition of equity crowdfunding platform SeedInvest.
Circle Internet Financial is reportedly looking to raise a further $250 million in funding to counter the bear market slump.
The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm's $16m Series A.
Chuck Kimble, who helped promote the USDC stablecoin for Circle, has joined blockchain startup Celo as head of strategic partnerships.
Crypto finance startup Circle’s USDC stablecoin was fully backed with fiat reserves at the close of 2018, according to auditing firm Grant Thornton.
CoinDesk profiles Jeremy Allaire, the CEO of the Goldman Sachs-backed crypto startup Circle that had a banner year in 2018.
Poloniex announced it was opening institutional trading accounts as of Tuesday.
Circle Internet Financial had $127.5 million at the end of last month, enough to back the total number of USDC stablecoins in circulation.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is adding support for stablecoin USDC.
PwC's Hong Kong division is exploring best practices for issuing stablecoins with non-profit Loopring Foundation. Auditing, though, is another matter.