a16z invests $75 million in Circle's Arc Network.

PANews reported on May 11 that a16z crypto announced a $75 million investment in ARC tokens for Circle's Arc blockchain network. a16z stated that stablecoins are becoming a core global financial infrastructure, with annual stablecoin trading volume reaching $9 trillion by 2025 and the supply of USD-denominated stablecoins exceeding $270 billion.

Arc is positioned as an "economic operating system" for institutions, supporting EVM compatibility, sub-second settlement, configurable privacy and compliance auditing, and enabling cross-chain transfers through Circle CCTP. Arc has gained support from more than 200 partners, including Goldman Sachs, Visa, and Mastercard. Circle plans to leverage the USDC ecosystem to promote the construction of institutional-grade on-chain financial infrastructure.

Earlier reports indicated that Circle raised $222 million in the pre-sale of its native token on its new public blockchain Arc, valuing the company at approximately $3 billion .

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Author: PA一线

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