USDC stablecoin issuer plans to support early stage blockchain and digital asset products
Blockchain company Circle, known as the issuer of stablecoin USDC, announced the creation of a venture capital fund that will invest in cryptocurrency projects at an early stage of development. Circle representatives did not disclose the size of the new fund, but clarified that it already has initial capital.
In August, Circle announced plans to become a national digital bank. The company began the process of merging with the public company Concord Acquisition. Concord has filed a corresponding application with the US Securities and Exchange Commission (SEC).