Background: Asset management company BlackRock intends to acquire a 10% stake in Circle's upcoming initial public offering (IPO). Circle is the issuer of the USDC stablecoin, and this IPO has attracted attention from both cryptocurrency and traditional financial institutions, expected to add greater legitimacy to Gaofei Asset.

Main Events: According to Bloomberg, BlackRock plans to acquire a portion of Circle's shares through the IPO. Circle CEO Jeremy Allaire aims to raise approximately 624 million USD through this IPO. The transaction is expected to take place on June 4, with multiple subscription orders already in place. BlackRock may participate through other channels or choose to withdraw. BlackRock has previously managed Circle's money market fund supporting the USDC stablecoin, with a fund size of about 53.50 billion USD.

Additionally, Cathie Wood's Ark Invest also plans to invest 150 million USD in Circle's IPO. Circle had previously postponed the IPO due to economic concerns but has attracted large crypto companies such as Ripple and Coinbase as users. The community is optimistic about institutional investors increasing exposure to the crypto market, with assets expected to surge significantly in Q2 2025.

Potential Impact: As more traditional financial institutions enter the crypto market, the adoption and compliance of USDC are expected to improve, driving further market development. This IPO could become an important milestone in the legalization of crypto assets.

Asset manager BlackRock has shown interest in acquiring a 10% stake in USDC stablecoin issuerCircle. The highly anticipated initial public offering (IPO) will attract large crypto and traditional finance firms. This follows a thickening institutional plot in the crypto market, adding an extra layer of legitimacy for the high-flying assets.Big Firms Eye Circle’s IPOBlackRock is preparing to acquire part of Circle’s shares in its upcoming IPO, Bloombergreported, citing sources familiar with the matter. Per a recent Securities and Exchange Commission (SEC) filing, Circle’s Chief Executive, Jeremy Allaire, plans to raise about $624 million in the IPO. The deal, which is expected on June 4, has recorded multiple orders for the shares available.The sources said the deal’s details are not finalized, and the $9 trillion asset manager could swoop in for a stake through another vehicle or opt out entirely. BlackRock and Circle are not strangers, as previous deals have already been struck. BlackRock manages a money market fund for Circle that backs the USDC stablecoin. The Fund now holds approximately $53.5 billion.USDC adoption is projected to build on gains in the past three quarters. Recent institutional developments in the United States, with its user base soaring, are tipped to favor the asset. Incoming stablecoin rules will also push its compliance in multiple jurisdictions.Circle initially filed for its IPO on April 1 but delayed due to rising economic concerns amid US tariff wars. The company hasattracted big crypto firmslike Ripple and Coinbase as users flock to its USDC stablecoin. Fortune reported informal sale talks with Coinbase and Ripple.However, Circle insisted it was not for sale following reports of a $4 billion bid deemed too low. According to the rebuttals, Circle remains committed to its long-term goals. Meanwhile, Cathie Wood’s Ark Invest is also preparing a $150 million swoop in Circle’s IPO.Community Expresses Optimism Over Soaring AdoptionDigital asset traders remain thrilled as more institutional investors increase their exposure to the crypto market. According to experts, inflows have positioned assets for major upswings in Q2 2025. From investment in Bitcoin mining firms to stablecoin issuers, traditional players have raised the bar.Strategy, H100, andAddentax maderecent Bitcoin acquisitions as the price closed at $110k. Meanwhile,GameStop announceda $513 million purchase, picking up 4,710 BTC.

BlackRock and Ark Invest Plan to Heavily Invest in Circle's Proposed IPO