Circle Has Created A Venture Fund To Invest In Crypto Projects

USDC stablecoin issuer plans to support early 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.








Today, we announced the launch of Circle Ventures. We will be investing in teams and projects that align with our core mission of increasing global economic prosperity through the frictionless exchange of financial value. https://t.co/IYaEU5S8ak
— Jeremy Allaire (@jerallaire) November 9, 2021
 





 
 












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 filed a corresponding application with the US Securities and Exchange Commission (SEC).