On May 11, Circle Internet Group (NYSE: CRCL), the crypto company popular for its USDC stablecoin offering, announced a raise of $222 million from leading investors like BlackRock (NYSE: BLK), Bullish (NYSE: BLSH), Cathie Wood’s ARK Invest, a16z Crypto, Intercontinental Exchange (NYSE: ICE), etc.
The investment involves a presale raise of $222 million for Arc, Circle’s new institutional Layer 1 blockchain, at a fully diluted network valuation of $3 billion.
Related: Circle stock surges on two key announcements
The testnet was launched in October 2025, and the mainnet, upon launch, will have quantum-resistant features, Arc said in April 2026.
Built for institutional finance, the Arc blockchain uses USDC as its…
