USDC issuer Circle raises $222M in Arc token presale valued at $3B
CoinTelegraph2h agoUpdated 1h ago
Smart Read
Circle raised $222 million in an ARC token presale led by a16z crypto as Q1 revenue hit $694 million and USDC circulation climbed to $77 billion....
Key takeaways
- 1Circle raised $222 million at $0.30 per ARC token, valuing Arc blockchain at $3 billion fully diluted.
- 2USDC circulation grew 28% year-over-year to $77 billion; Q1 revenue rose 20% to $694 million.
- 3Arc layer-1 blockchain uses hybrid consensus combining permissioned validators with planned proof-of-stake migration for stablecoin finance.
Coins in this story
Why it matters
Circle's $3B Arc infrastructure expansion signals major institutional backing (a16z, BlackRock, ICE) for blockchain settlement layers beyond stablecoins, potentially reshaping crypto adoption in India as global stablecoin infrastructure matures and institutional participation deepens in tokenized asset markets.
Part of narrative
AI Agents
Explore how AI Agents is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
CoinDesk1h ago60-word brief
Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year, when. it acquired it for $1.25 billion....
KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.