BlackRock eyes 10% stake in Circle's IPO

BlackRock eyes 10% stake in Circle's IPO

Asset managers BlackRock and ARK Invest have indicated interest in acquiring over $150 million in Circle’s shares BlackRock is reportedly planning to take a significant stake in Circle’s upcoming initial public offering (IPO). According to a May 28 Bloomberg report citing anonymous sources, BlackRock is looking to purchase roughly 10% of the offering. Circle, the…

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US big banks hold early talks on joint crypto stablecoin: WSJ

Bank lobby is 'panicking' about yield-bearing stablecoins — NYU professor

Citing sources close to the banking lobby, Austin Campbell says financial institutions are spooked by stablecoins that pay interest. America’s powerful banking lobby is “panicking” over the potential of stablecoins to disrupt their traditional business model, particularly when it comes to yield-bearing stablecoins, according to Austin Campbell, a New York University professor and founder of…

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