Circle raised $222M via the presale of its native Arc token at a $3B valuation; a16z led with a $75M investment, with participation from BlackRock and others
Circle Internet Group has raised $222 million in the presale of Arc, the native token of its new blockchain …
CNBC Tanaya Macheel
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Discussion
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@jerallaire
Jeremy Allaire
on x
We shared our Q1 results today at @Circle, reflecting strong execution, market leadership and new platform launches. A rapid convergence of AI platforms and onchain money are creating a new internet stack that will transform the global economic system. We're seeing [image]
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@squawkcnbc
@squawkcnbc
on x
“We saw the birth of these new platforms....we actually literally today just launched Circle Agent Stack,” says @Circle CEO @jerallaire. “It's for humans that want to go there and developers who are building AI agents, but it's also for agents.” https://www.cnbc.com/... [video]
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@circle
@circle
on x
The Internet's largest paradigm shift is happening now, and our Q1 results underscore Circle's role at the center of these changes. → $694M total revenue and reserve income, +20% YoY → $77.0B USDC in circulation, +28% YoY → $21.5T in USDC onchain transaction volume, +263% YoY [im…
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Marcel van Oost
Marcel van Oost
on linkedin
🚨 𝘽𝙍𝙀𝘼𝙆𝙄𝙉𝙂: Circle just raised $222 million in the presale of Arc …
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NullTX
Will Izuchukwu
on x
Circle Reports Strong Q1 Growth: $3B Arc Blockchain Investment Signals New Institutional and AI-Driven Finance Era