Post #12049

Circle raises $222M in Arc token presale valued at $3B The round was led by a16z, with participation from BlackRock, Apollo Funds, Intercontinental Exchange (NYSE parent), SBI Group, Janus Henderson Investors, Standard Chartered Ventures, General Catalyst, Marshall Wace, ARK Invest, IDG Capital, Haun Ventures and Bullish. Arc is Circle's new Layer 1 built for stablecoin payments and on-chain finance, with 100+ institutions already on testnet (Visa, Mastercard, AWS, and Anthropic among them). With the GENIUS Act already law and the STABLE Act up for a Senate vote this week, banks and fintechs could launch their own dollar tokens and cut out third-party issuers. 🔗cnbc.com/2026/05/11/circle-closes-222-million-from-blackrock-apollo-for-arc-blockchain.html Top 7 Ecosystem:Alpha| X | Aggregator