USDC issuer Circle raises $222 million for its Arc blockchain, targeting institutional payments and tokenized finance infrastructure.
Circle has raised $222 million in a token presale for its upcoming Arc blockchain, valuing the project at approximately $3 billion. The move positions Arc as a secondary growth driver beyond Circle’s USDC stablecoin business, aiming to serve as an institutional-grade blockchain for payments and tokenized assets.
Arc is designed to compete with networks like Ethereum and Solana, offering compliant, high-speed rails for stablecoins and digital assets. Analysts remain cautious about its valuation ahead of real-world adoption, though major investors including BlackRock and ARK Invest have backed the project.
The presale coincides with Circle’s quarterly earnings, shifting focus from its stablecoin dominance to broader blockchain infrastructure. The blockchain is expected to launch this summer, targeting Wall Street and traditional finance integration.