Circle posts Q1 gains as USDC tops $77B and says Arc raised $222M at $3B valuation; presale unverified
Circle reported stronger first-quarter results and announced a major fundraising round tied to its Arc blockchain, though some outlets say the token presale claim lacks independent confirmation.
Circle reported $694 million in revenue for Q1 2026 and said USDC in circulation reached $77 billion, marking continued growth for the stablecoin issuer [1].
The company also announced it raised $222 million in a presale tied to its new Arc blockchain at a reported $3 billion valuation, with reported participation from institutional investors including BlackRock, Apollo and Bullish [2] [3] [4].
At least one outlet cautioned that public disclosures from Circle and SEC filings do not independently verify the $222 million presale figure, noting instead that Arc’s public testnet launched with participation from firms such as BlackRock and Apollo [5].
Circle’s Q1 financials show growth in revenue and USDC circulation, and the company’s Arc fundraising and institutional testnet participation have drawn significant attention; however, some reporting highlights that details of the presale remain unverified in public filings [1] [5].
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Citations
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- 1Circle Q1 revenue rises 20% as Arc secures $3B valuationcrypto.news• May 11, 2026
- 2Circle raises $222 million for Arc blockchain token sale at $3 billion valuationCoinDesk• May 11, 2026
- 3BlackRock Bets on Circle’s Arc: $222M Raised in Major Token PresaleCryptoPotato• May 11, 2026
- 4Circle raises $222 million from BlackRock and Wall Street giants for Arc blockchainCrypto Briefing• May 11, 2026
- 5Circle ARC Token Presale Claim Unverified as BlackRock, Apollo Join Testnetcoincu• May 11, 2026
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