The stablecoin startup receives a record-breaking funding sum for a crypto firm.

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Circle currently holds the record for the largest financing round received by a crypto firm.

In recent years, the number of crypto firms has increased in parallel with the expansion of the sector. Forbes has reported a number of major investments into blockchain and digital asset businesses, with one $440 million move standing out.

“Circle, creator of the second-largest stablecoin, USDC, has just raised $440 million in private investment from an array of private equity, institutional and strategic investors,” Forbes wrote on Friday. Circle inked the deal on Friday, capturing investment from Fidelity Management and Research company, FTX, and others.

The post recapped the top-12 most significant monetary donations crypto firms have received throughout the years, in order of magnitude, with Circle at the top of the list.

According to Forbes, Bitmain, a crypto mining solution provider, is in second position, with a $422 million financing round in 2018. Bitmain really takes up two slots on the list, having gotten another $292.7 million investment in 2018.

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BlockFi is ranked third, with a $350 million VC investment scheduled for 2021. Dapper Labs and Blockchain.com are ranked fourth and fifth, with $305 million and $300 million, respectively.

So far, this year has been a good one for crypto startups raising cash. “Five of the 12 largest crypto-investments in history have occurred in 2021,” Forbes explained.

The whole crypto industry has experienced remarkable enthusiasm in 2021, with Bitcoin’s price reaching new highs and other digital assets performing well.

Coinbase is also on Forbes’ list, with $300 million in cash spent in its business in 2018. Among those who contributed to the money were Andreessen Horowitz and Polychain Capital. Coinbase went public on the Nasdaq with a direct listing in April 2021.

 

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