Circle Closes $110 Million Funding Round for Pegged Currency Initative

[kreslik.news]

Circle, a crypto finance backed by Goldman Sachs, has announced plans to launch a cryptocurrency backed one-to-one with USD in an effort that CNBC described as a mission to “make a better, faster, digital version of the U.S. dollar.”

Crypto-mining firm Bitmain led a successful $110 million fundraising campaign for Circle’s new initiative that closed earlier this week. Participants included Digital Currency Group, Accel, Tusk Ventures, Blockchain Capital, Breyer, General Catalyst, IDG, and Pantera. Circle is currently estimated to be worth roughly $3 million.
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Boston-based @circlepay Raises a $110M Series E Round and Launches a ... (read more)