May 29, 2025 – In a strategic bid to deepen its exposure to the stablecoin sector, BlackRock is reportedly negotiating to acquire a 10% stake in Circle, the issuer of USD Coin (USDC), ahead of the company’s anticipated initial public offering (IPO).
According to people familiar with the matter, BlackRock, the world’s largest asset manager, is positioning itself to become a key institutional player in the future of stablecoins and digital dollars. The deal would solidify its relationship with Circle, which has grown USDC into the second-largest stablecoin by market cap, behind Tether (USDT).
Circle’s IPO has been long anticipated, with recent reports suggesting it could be valued in the multi-billion dollar range. BlackRock already has close ties to the firm through previous investments and its role as a primary asset manager for USDC reserves.
“This move reflects BlackRock’s increasing confidence in the long-term viability of regulated stablecoins as key infrastructure in the evolving digital financial system,” said one source.
If finalized, the deal would further validate Circle's standing in global finance and support its ambitions of becoming the first publicly traded stablecoin issuer.
Why It Matters:
BlackRock could secure a 10% equity stake in Circle.
The deal comes as Circle prepares for a long-awaited IPO.
USDC is already tightly integrated with traditional finance, backed by regulated assets and reserve transparency.
The move signals growing institutional interest in blockchain-based financial infrastructure.
This potential partnership underscores the convergence of traditional finance (TradFi) and crypto, with stablecoins increasingly seen as the bridge between fiat and decentralized ecosystems.
Circle has not officially confirmed the IPO timeline, but industry analysts believe it could occur later this year, possibly on a U.S. stock exchange.
Stay tuned with Altcoiners.live for more updates on institutional crypto adoption, stablecoin innovations, and Circle’s path to public markets.
Author
Surabh Yadav
