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BlackRock intends to purchase approximately 10% of the shares offered in Circle Internet Group’s upcoming IPO, signaling further integration between traditional finance and the cryptocurrency sector. Circle, a prominent stablecoin issuer, and its shareholders, including CEO Jeremy Allaire, aim to raise up to $624 million through the offering. This information was disclosed in a recent filing with the U.S. Securities and Exchange Commission. The investment by BlackRock underscores the growing interest and confidence from established financial institutions in the digital asset market and its potential for mainstream adoption. This move follows other instances of traditional firms exploring and investing in the crypto space.
