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Circle just raised $110 million in investment round.

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Circle raised a $110 million in an investment round, it was led by the Bitmain Technologies. 

“It would create a new cryptocurrency pegged to the price of the U.S. dollar, enabling businesses and consumers to transfer value more efficiently. Each token, called Circle USD Coin (USDC), will be backed by reserves of U.S. dollars.” Circle said.

More of that news here: 

https://www.reuters.com/article/us-crypto-currencies-circle/circle-raises-110-million-plans-to-create-dollar-pegged-cryptocurrency-idUSKCN1IG38R

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