Circle raises $222M from BlackRock in Arc token presale at $3B valuation!

Circle has raised $222 million in a presale of its Arc token, with BlackRock among the headline investors, valuing the stablecoin giant at $3 billion, according to CNBC. The round marks a significant vote of confidence from the world's largest asset manager at a moment when stablecoin infrastructure is drawing serious institutional capital.

Circle, the issuer of USDC, has been positioning itself at the intersection of traditional finance and crypto-native rails. BlackRock's participation — following its earlier money-market tokenization work with Circle — signals that the Arc token is being read as more than a speculative play: it's institutional endorsement of Circle's broader financial infrastructure ambitions.

At a $3 billion valuation, the presale sets a meaningful price anchor ahead of any public offering or token launch, and puts Circle's fundraising trajectory firmly back in…