Circle and BlackRock Forge Strategic Partnership for Stablecoin Reserves

- Circle has signed a new memorandum of understanding with BlackRock, signed in March 2025, designating BlackRock as the preferred partner to manage Circle's stablecoin reserves. The agreement stipulates that BlackRock will oversee at least 90% of Circle's dollar custody reserves, excluding bank deposits, while committing not to issue a competing dollar payment stablecoin. This partnership is scheduled to last for four years, reinforcing Circle's strategic focus on stablecoin management.