Circle reported gross USDC redemptions exceeding mints by about $4 billion in Q2, while doubling its full-year other revenue outlook to $310M-$330M, driven partly by ARC Token presale revenue.
Circle's $222 million ARC token presale has given Wall Street a new way to value the USDC issuer, while raising a harder question for one of crypto’s most profitable alliances. On May 11, Circle said investors led by a16z Crypto backed the presale of ARC, the native token for Arc, its planned public blockchain for […] The post Circle adds $3 billion Wall Street Arc token risking an uncomfortable rivalry with Coinbase appeared first on CryptoSlate.
USDC issuer Circle launched a suite of tools designed to let AI agents hold money, pay for services, and transact without human involvement.
Circle raised $222 million in an ARC token presale led by a16z crypto as Q1 revenue hit $694 million and USDC circulation climbed to $77 billion.
The USDC issuer announced the raise, with investors including Andreessen Horowitz and Blackrock, alongside its Q1 results.
