With the latest investment, the market value of the company reached $3 billion, which is 6 times the value it had in 2016. In addition, the USD backed stable coin USDC is planned to be launched this summer. USDC will be an ERC20 token, based on Ethereum blockchain and will be backed one-to-one with USD. Circle, which has over 7 million users, plans to integrate USDC in their payment app Circle Pay and in Circle Trade, a crypto OTC desk and liquidity provider.