a16z Backs Circle Arc With $75M, Citing Institutional Demand

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a16z Crypto said its $75 million investment in Circle’s Arc Layer 1 reflects demand for blockchain infrastructure built for large institutions. a16z Crypto partners Ali Yahya and Noah Levine said stablecoin annual transaction volume has grown to nearly $9 trillion, but existing blockchain infrastructure was designed for retail users. They said USDC circulation is over $27 billion and that Circle’s Cross-Chain Transfer Protocol handles most cross-chain liquidity.

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