Published on May 15th, 2018 | by bitcoin0
‘Bitcoin Unicorn’? Circle aims to be exactly that with bitmain-backed mega-round!
Announced Tuesday, Circle has closed a $110 million Series E fundraising, a figure that effectively values the startup at over $3 billion, according to figures from the company.
Allaire told CoinDesk:
“A core part of vision is open-protocols that would enable the free movement of value.
A real critical piece is there has to be open, interoperable standards for our how fiat money can move over blockchains.
If I got US dollar coins from Circle, I could transmit those to another digital wallet for an issuer,” he explained.
In this way, Allaire summed up his message succinctly, dismissing existing market alternatives as nothing more than clever “regulatory hacks.”