Infrastructure
May 11, 2026
Circle Raises $222M in Arc Presale at $3B FDV
GG AI Summary
Circle successfully raised $222 million in a presale for its Arc blockchain, which focuses on stablecoins, giving the Layer 1 chain a fully diluted valuation of $3 billion. The presale was led by prominent investor a16z, signaling strong confidence in Circle's expansion beyond USDC issuance. This funding milestone positions Arc as a significant player in the stablecoin and blockchain ecosystem.
Sentiment:
85%
Bullish
USDC issuer Circle announced the completion of the presale for its stablecoin-focused blockchain Arc, raising $222 million in token sales, as part of its Q1 2026 report, published on Monday, May 11. The presale, which gives the Layer 1 chain a fully diluted valuation of $3 billion, was led by a16z... Read the full story at The Defiant
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