Circle Beats Crypto Financing Record

Circle, the company behind USDC (currently the second largest stablecoin) just beat the record for the investment round with the most capital received by a crypto-related company.

$18 Million More Than The Previous Record

According to Forbes, the investment round garnered a total of $440 million USD from institutional and private investors alike. It is $18 million USD more than the prior record of $422 million USD raised in 2018 by Bitmain, a company that offers custom crypto mining solutions worldwide.

Aside from setting a new record in the crypto space, this investment is also in the top 10 private fintech investments of all time. Five of the largest crypto-investments in history have been in 2021.

CompanyAmount raised (in USD)Date
Circle$440 million28 May 2021
Bitmain$422 million7 August 2018
BlockFi$350 million11 March 2021
Dapper Labs$305 million30 March 2021$300 million24 March 2021
Bakkt$300 million16 March 2020
Coinbase$300 million30 October 2018
Bitmain$292.7 million19 June 2018
Bitso$250 million5 May 2021
Hangzhou Qulian Technology$235 million4 June 2018
Bithumb$200 million19 April 2019
Ripple Labs$200 million1 October 2020

In a public statement, Circle thanked everyone for their trust and reiterated their commitment to using stablecoins in order to improve the payments landscape.


The financing, among the top 10 in private fintech investments, fuels the company’s continued growth, organizational development and market expansion opportunities. We are grateful to our colleagues, customers, strategic partners, investors, regulators and other stakeholders who are continuing to work with us in making Circle’s vision a reality.

Team Circle [source]

Overall, this has been an important year so far for institutional investments into crypto, with the public listing of Coinbase being one the highlights.

Cristian Lipciuc

Cristian Lipciuc

Cristian Lipciuc is a blockchain journalist working with startup companies across multiple domains such as freelancing, app development & cryptocurrency. Cristian specializes in applied blockchain technologies, cryptocurrency integration, the adoption of new technologies by governments, and cybersecurity.

You may also like