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Circle Gets USD 400 Million Funding From BlackRock, Fidelity

Circle CEO Jeremy Allaire joins Caroline Hyde and Bloomberg's Sonali Basak after they landed USD 400 million in funding from a group of institutional investors including BlackRock and Fidelity. He also talks about why and how they want to operate as a bank in the U.S. even as regulators make it more difficult for crypto companies to secure this kind of license.

The segment aired on April 13, 2022.