#Write2Earn #Circle #TeacherTraining #BİNANCE #newscrypto $SOL 🚀 Circle raises $222 million: BlackRock and a16z invest in new blockchain Arc
Circle, the issuer of the USDC stablecoin, has made a significant leap in the institutional finance sector. The company’s new project — a Layer 1 blockchain called Arc — has attracted massive investments even in its token presale phase.
$CITY 💰 Round details:
Investment amount: $222 million.
Project valuation (FDV): $3 billion.
Round leader: a16z crypto ($75 million).
Key participants: BlackRock, Apollo Global Management, Intercontinental Exchange (ICE), SBI Group, ARK Invest, and Haun Ventures.
🏦 Why is this important?
The Arc project is positioned as a specialized network for institutional finance. The involvement of heavyweights like BlackRock and Apollo confirms the trend towards deeper integration of traditional capital into blockchain infrastructure (RWA — Real World Assets).
📈 Circle's status
Despite launching new ambitious projects, the company’s financial metrics show mixed dynamics:Q1 revenue: up 20%.Profit: a decline in net income is observed, likely linked to high development and launch costs of new products.
The entry of such heavy hitters into Arc’s capital makes this blockchain one of the most anticipated...