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Circle Internet Financial raises $110M in latest funding round

Circle Internet Financial Inc. raised $110 million in its latest funding round.

China's Bitmain Technologies Ltd. led the round, and existing investors IDG Capital, Breyer Capital, General Catalyst, Accel, Digital Currency Group Inc. and Pantera also participated.

Blockchain Capital and Tusk Ventures were new investors.

Circle Internet is also set to launch USD Coin, a digital token backed by the U.S. dollar, this year. It will use the ethereum blockchain.