Circle Raises $222M in Arc Token Presale at $3B FDV
- Stablecoin
- Market Structure
Circle pulled off a massive $222M presale for its Arc token, hitting a $3B fully diluted valuation with backing from heavyweights like a16z Crypto and BlackRock. Announced on this day, the raise also came with a 20% Q1 revenue bump, cementing Circle's stablecoin dominance narrative. CT had mixed reactions, with some hyping it as a bullish signal for 2026, while others called it overvalued VC fluff. The news sparked debates on whether Arc could challenge existing token models. It’s a rare non-drama event that still got the timeline talking.