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Bitcoin Unicorn Circle Closes Acquisition of Crowdfunding Startup SeedInvest

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🤑🎁Circle bags another major acquisition that dates back to October 2018 while reportedly planning to raise $250 mln💸💼
Bitcoin Unicorn Circle Closes Acquisition of Crowdfunding Startup SeedInvest
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Cryptocurrency unicorn Circle has recently made an announcement about closing the acquisition of SeedInvest, an equity crowdfunding company. The crowdfunding pioneer will continue operating in a usual way after its employees join the 300-strong Circle team.    

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Making fundraising easier  

As reported by U.Today, the deal took place back in October 2018, but Circle had to get the green light from FINRA to see it through. SeedInvest is one of the leading equity fundraising platforms in the US that allows innovative businesses to raise capital online with the help of run-off-the-mill retail investors. Because of the partnership with Circle, SeedInvest will support multiple cryptocurrencies, including tokenized securities.  

The tokenization trend  

Tokenization of traditional financial assets will bring more investors to the market by eliminating multiple limitations. Circle predicts that more function of private equity, such as dividend payouts, will be eventually undergo partitioning into tokens. On top of bringing more capital to fledgling companies, tokenization will also improve the way businesses interact with their customers.

It is worth noting that tokenization has already become a pervasive trend in the crypto space. Earlier, Circle CEO Jeremy Allaire himself claimed that everything would be tokenized in a matter of years.

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Alex Morris

USD Coin (USDC), Gemini Dollar (GUSD), Paxos Standard (PAX), and TrueUSD (TUSD) Experienced Significant Supply Reduction This February: Research

Tether (USDT) and Dai (DAI) are the only major stablecoins whose circulating supply remained unchanged throughout February
USD Coin (USDC), Gemini Dollar (GUSD), Paxos Standard (PAX), and TrueUSD (TUSD) Experienced Significant Supply Reduction This February: Research
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Stablecoins were one of the biggest crypto trends of 2018, but a recently published Diar study shows that might not be the case this year. USD Coin (USDC), Gemini Dollar (GUSD), Paxos Standard (PAX), and TrueUSD (TUSD) all saw their outstanding supply decreasing this February.

The stablecoin market hits a snag  

Overall, the aforementioned cryptocurrencies had a 10 percent net decrease in market capitalization. USD Coin (USDC) is the biggest stablecoin from the pack, currently occupying 23rd place on CMC with a market cap of $247 mln. The circulating supply of Circle’s coin was standing at almost $300 mln at the beginning of February, but now it’s at $244 mln.  

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Nevertheless, the stablecoin ecosystem is getting even more crowded with JPMorgan recently launching JPM Coin, a new dollar-pegged cryptocurrency.        

Tether remains unbothered

Notably, the circulating supply of Tether (USDT), the flagship stablecoin, remains practically unchanged. USDT, despite its numerous controversies, was recently praised by Michael Gronager, the CEO of Chainalysis. Dai (DAI), an Ethereum-collateralized cryptocurrency, also didn’t experience supply reduction.

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