Goldman Sachs-Backed Start-Up Circle Introducing A Crypto Version Of The US Dollar

CNBC

“Fintech company Circle is looking make a better, faster, digital version of the U.S. dollar. The Goldman Sachs-backed start-up announced a new cryptocurrency pegged to the dollar and a $110 million investment round led by profitable crypto-mining company Bitmain, which brings Circle’s value near $3 billion, the company announced Tuesday. “It unlocks an incredible amount of power for the dollar,” said Jeremy Allaire, CEO of Circle. “It’s basically a dollar that operates on blockchain.”‘