The crypto-native financial services firm behind the USDC stablecoin has raised a massive funding round.

Announced Friday, Circle has raised $440 million from a roster of major backers.

“The financing included investments from leading private equity, institutional and strategic investors, including Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC, as well as Michael J. Price and Friends,” the firm said in a press release.

This is a developing story and will be updated.

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