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Circle Raises $222M for Arc Layer-1 Blockchain

2026-05-26 09:49:37

Abstract generation in progress

Circle disclosed a $222 million token presale for Arc, its own layer-one blockchain. The raise valued the network at around $3 billion on a fully diluted basis. The author argues that Circle's shift from stablecoin issuer to settlement infrastructure creates a conflict the GENIUS Act did not address.

ARC-1.97%

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