Circle Raises $222 Million in Arc Token Presale
Circle, the USDC stablecoin issuer, raised $222 million in a presale of its Arc blockchain token at a $3 billion valuation, with backing from Andreessen Horowitz, BlackRock, and Apollo.
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- Cointelegraph5/11/2026, 1:00:50 PMUSDC issuer Circle raises $222M in Arc token presale valued at $3B
Circle, the issuer of USDC stablecoin, raised $222 million in a presale of its ARC token at a $3 billion valuation, with the round led by a16z crypto. The company reported Q1 revenue of $694 million and USDC circulation of $77 billion. Circle has a pending IPO filing and this fundraise signals continued institutional interest in stablecoin infrastructure.
- CoinDesk5/11/2026, 10:50:03 AMCircle raises $222 million for Arc blockchain token sale at $3 billion valuation
Circle has raised $222 million in a token sale for its Arc blockchain, valuing the project at $3 billion. The fundraise represents a significant capital commitment to Circle's blockchain infrastructure ambitions. No details on lead investors or token distribution structure were provided in the headline.
- CNBC5/11/2026, 10:29:38 AMCircle raises $222 million from BlackRock, Apollo and others in Arc token presale valued at $3 billion
Circle has raised $222 million in a presale of its Arc token, valuing the offering at $3 billion. The round was led by Andreessen Horowitz with a $75 million investment, with additional participation from BlackRock and Apollo Funds. The fundraise signals continued institutional appetite for crypto-native financial infrastructure.