Circle App – Boston-based fintech company Circle, has its sights on making a faster and better digital version of the U.S. dollar.

The start-up company announced its new digital token that would be pegged to the US dollar yesterday at Consensus 2018.

Circle founders @psneville and @jerallaire took the stage at #Consensus2018 earlier today to announce Circle USDC, a price-stable tokenized US dollar coin. Learn more about it here: https://t.co/8fZN6vDryb
— Circle (@circlepay) May 15, 2018

Circle also announced that it raised $100 million in their Series E round which was led by Bitmain.

Circle raises $110 million (or 13,300 BTC) https://t.co/k9nRHFlLyN by @romaindillet pic.twitter.com/VyhB6pUwPv
— TechCrunch (@TechCrunch) May 16, 2018

Bitmain is the world’s largest distributor of Bitcoin (available on Coinbase)-mining products. In its earlier investment rounds, Circle received investments from other big-name companies such as Goldman Sachs Group and Baidu, making it one of the most well-funded blockchain start-ups on the market. The fintech company operates its peer-to-peer payment network using blockchain technology.