BlackRock plans to buy 10% of Circle’s (USDC stablecoin issuer) IPO. But Why? - Diversify BlackRock’s crypto exposure beyond volatile assets like Bitcoin. - Stablecoin issuers will benefit from the "Genius Act," which is about to get approval from Congress. - Position itself as a leader in the convergence of TradFi and DeFi. - Influences the regulatory landscape, and diversifies its crypto offerings for clients - USDC could be used for settlements in tokenized funds or as a medium of exchange in BlackRock-managed DeFi platforms - USDC will be used as the “currency” for transactions in tokenized ecosystems.