Circle’s Sometimes Head-Scratching Deals Take Shape as Massive Long-Term Cryptocurrency Bet

“Eventually these marketplaces will have tens of thousands, if not hundreds of thousands of assets — so the next piece was a broker dealer,” licensed and ready to go.  Allaire’s crypto bet has tricky timing. The SeedInvest deal comes just months after Circle bought a crypto exchange called Poloniex and introduced its own dollar-backed stable coin.

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