BlackRock Bets on Circle’s Arc: $222M Raised in Major Token Presale

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AI Fusion Summary

Circle raised $222 million in its Arc token presale, valuing the network at $3 billion. Investors included Andreessen Horowitz, Blackrock, and ARK Invest. Q1 USDC in‑circulation grew 28% to $77 billion, on‑chain volume surged 260% to $21.5 trillion, revenue rose 20% to $694 million.
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