Circle Internet Group has successfully raised $222 million in a presale of its native ARC token, marking a significant expansion beyond its USDC stablecoin operations. The funding round, which values the Arc network at $3 billion, was led by Andreessen Horowitz with a $75 million investment. Other notable investors include BlackRock, Intercontinental Exchange, and Apollo Funds.
Circle will hold 25% of ARC's initial 10 billion token supply, enabling it to operate validator infrastructure and earn staking rewards. The majority of tokens, 60%, are allocated to network participants, while 15% are reserved for long-term reserves. This strategic move positions Circle to generate new fee revenue and expand its blockchain ecosystem.
Circle Raises $222M in ARC Token Presale with Major Backers
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