Circle Gets $400 Million Funding From BlackRock, Fidelity

Circle CEO Jeremy Allaire joins Caroline Hyde and Bloomberg’s Sonali Basak after they landed $400 million in funding from a group of institutional investors including BlackRock and Fidelity. He also talks about why and how they want to operate as a bank in the U.S. even as regulators make it more difficult for crypto companies to secure this kind of license.