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via Cointelegraph · By Cointelegraph Staff
Circle Raises $222M ARC Token Presale Led by a16z
ARC
ARC/USDT
$0.07319
-2.28%
$0.07319
-2.28%
(24s)24h Volume
$4,004,940.83
24h H/L
$0.07613 / $0.07109
Change: $0.005040 (7.09%)
Funding Rate
+0.0350%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(01:00 PM UTC)
1 min read
Circle Internet Group agreed to sell 740 million ARC tokens for $222 million in a private placement led by a16z crypto, valuing the Arc blockchain network at $3 billion on a fully diluted basis.
The New York Stock Exchange-listed issuer of the USDC stablecoin disclosed the token presale Monday alongside its first-quarter 2026 results, which showed higher revenue and reserve income but lower net…
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