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Circle Raises $222M For Arc, Reports On Quarterly Earnings
Circle has a busy day of reveals as the company announces a big raise for its L1 network and reports on Q1 earnings.
Circle reveals ambitious roadmap for Arc network and AI Agents (Jason Krieger / Unsplash)
Circle has raised $222M for Arc network.
Circle has officially secured $222M in capital for its Layer 1 blockchain Arc. This funding saw numerous backers, including lead investor Andreessen Horowitz, and others such as Blackrock, Bullish, SBI Group, Haun Ventures, and more.
This values the network at $3B and helps the team prepare for the upcoming Arc token distribution. Currently, Arc is still in testnet.
The company has also revealed its Q1 2026 earnings results. From last year's Q1, Circle's revenue and income grew by 20% to $694M, as well as increasing USDC circulation by 28% to $77B.
Since January's reporting, however, its overall issuance of USDC hasn't grown significantly.
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