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Circle Internet Group Inc. (NYSE:CRCL) has raised $222 million for its new institutional blockchain Arc at a $3 billion valuation.
Circle became the first publicly listed company to conduct a token presale with Arc.
KEY POINTS
- Arc is a new institutional blockchain using USDC as gas with sub-second finality and EVM compatibility.
- Of Arc's 10 billion tokens, 60% go to network builders and users, while Circle retains 25%.
- Circle's Q1 2026 net income dropped 15% due to a 76% increase in operating expenses.
COMPANIES
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