Illustration of Circle's $222M ARC blockchain funding announcement with stock charts and cryptocurrency elements.
Bild generiert von KI

Circle raises $222 million for arc blockchain amid earnings

Von KI berichtet Bild generiert von KI

Circle announced a $222 million presale for its ARC token at a $3 billion valuation alongside first-quarter results. The USDC issuer beat earnings estimates but missed on revenue. Shares rose more than 15 percent on the news.

USDC issuer Circle has created Arc, a new layer-1 blockchain built for stablecoin-native finance.

Von KI berichtet

Meta announced USDC payouts for eligible creators in Colombia and the Philippines on April 29. The service allows payments directly into compatible crypto wallets on Solana and Polygon blockchains. Expansion to over 160 additional markets is planned soon.

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