Circle raises $222 million from BlackRock and Wall Street giants for Arc blockchain

Circle reported higher first-quarter revenue and reserve income as USDC activity surged across its network. Total revenue and reserve income reached $694 million, up 20% year over year, while USDC onchain transaction volume rose 263% to $21.5 trillion. USDC Growth Drives Circle Revenue and Reserve Income Circle Internet Group Inc. (NYSE: CRCL) announced on May […]

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.

The Clarity Act finally has a real markup date, while BlackRock is making its biggest tokenization push yet.

Circle Internet Group raised $222 million in a private presale of its ARC token, tied to a new stablecoin-native layer-one (L1) blockchain called Arc, at a fully diluted valuation of $3 billion. Circle Closes $222M Token Presale With a Dozen Institutional Backers at $3B FDV The company disclosed the raise on May 11, 2026, alongside […]

The USDC issuer announced the raise, with investors including Andreessen Horowitz and Blackrock, alongside its Q1 results.

The post Circle Raises $222M In Private Sale For Its Layer 1 Arc Token, Backed By A16z And BlackRock appeared on BitcoinEthereumNews.com. Circle Raises $222M In Private Sale For Its Layer 1 Arc Token, Backed By A16z And BlackRock Skip to content Home Crypto News Circle raises $222M in private sale for its Layer 1 Arc token, backed by a16z and BlackRock Source: https://bitcoinworld.co.in/circle-arc-token-private-sale-222m/

Circle reported $694M in Q1 revenue and raised $222M for Arc at a $3B valuation as USDC circulation reached $77B.

A16z led the investment round, while other big names that were involved include Apollo Funds and ICE.