Circle received DCG USD 25 million strategic investment to promote the application of USDC in mainstream finance

Cryptocurrency financial services company Circle announced the establishment of a strategic partnership with digital asset brokerage company Genesis to promote the application of stable currency USD Coin (USDC) in mainstream finance. Digital Currency Group (DCG), the parent company of Genesis, has made a strategic investment of US$25 million in Circle. These funds will be used to accelerate Circle’s new business development and promote the growth of accounts and platform services. The two parties will jointly provide asset income for customers holding USDC, provide market solutions for companies and developers, and provide USDC-based credit services for companies and merchants that use USDC for capital operations and commercial payments.