🚀 They have raised $222 million for their new ARC token project — reported valuation around $3 billion FDV.
CoinDesk +1
What is ARC?
ARC is a new blockchain network designed for institutions, banks, stablecoin payments, and AI-based finance. Circle is calling it the 'Economic OS for the internet.'
Circle +1
Major investors 👀
This funding round included these big names:
BlackRock
a16z crypto
Apollo
ARK Invest
ICE
Standard Chartered Ventures
Important numbers
Raised: $222M
ARC sale price: $0.30
Tokens sold: 740 million ARC
Circle Q1 revenue: $694M
USDC circulation: $77B �
MEXC +1
Market reaction 📈
After the news, there’s been a lot of hype around Circle stock and the crypto market. Analysts are saying that Circle doesn’t want to just be a stablecoin company anymore — they’re building a full blockchain infrastructure now.